# 4 - Adoption of Proposed SHx Governance Rules

{% hint style="success" %}
Outcome: FOR. The proposed SHx Governance Rules document should be adopted as the foundational governance framework for SHx.
{% endhint %}

| Event             | Date                   | Notes                                             |
| ----------------- | ---------------------- | ------------------------------------------------- |
| Snapshot Time     | Dec 11, 2024 20:00 GMT | <p>Ledger Sequences</p><p>Stellar: 54,784,871</p> |
| Vote Start        | Dec 16, 2024 20:00 GMT | First included Stellar ledger: 54,857,024         |
| Vote End          | Dec 21, 2024 20:00 GMT | Last included Stellar ledger: 54,929,175          |
| Results Published | Dec 31, 2024 20:00 GMT |                                                   |
| Implementation    | Q1 2025                |                                                   |

## Description

The vote seeks approval for the adoption of the Proposed SHx Governance Rules document, which establishes the governance framework, voting processes, and amendment procedures for SHx governance on the Stellar and Ethereum networks.

## Background

The Proposed SHx Governance Rules are designed to formalize SHx governance, ensuring transparency, security, and trust. Key highlights include:

* Voting mechanics based on Active Circulating Supply and token snapshots.
* Proposal lifecycle processes, including community discussions, draft proposals, and binding votes.
* Governance structures, such as the requirements for super-majority and simple-majority approvals for different types of proposals.

Adopting these rules is a foundational step in enhancing Stronghold's decentralized governance approach and streamlining future decision-making processes.

## Voting Notes

The vote asks if the Proposed SHx Governance Rules document should be adopted as the foundational governance framework for SHx, passing by simple majority.

***

### Results

A total of 158,320,372 voting power participated in the proposal vote.

#### Question

*Which StrongholdNET APIs should be prioritized for development and release in the open-access developer console?*

| Response | Position                                                                                                           | Votes       |
| -------- | ------------------------------------------------------------------------------------------------------------------ | ----------- |
| FOR      | The proposed SHx Governance Rules document should be adopted as the foundational governance framework for SHx.     | 112,393,017 |
| AGAINST  | The proposed SHx Governance Rules document should not be adopted as the foundational governance framework for SHx. | 0           |
| ABSTAIN  | Abstain from voting for this proposal.                                                                             | 45,932,355  |

{% hint style="success" %}
Outcome: FOR. The proposed SHx Governance Rules document should be adopted as the foundational governance framework for SHx.
{% endhint %}


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