# Governance

### OmniYield DAO <a href="#stargate-dao" id="stargate-dao"></a>

OmniYield operates as a Decentralized Autonomous Organization (DAO), governed entirely by its community of [veOY](https://docs.omniyield.finance/tokenomics/veoy-locked-oy) holders. The governance framework allows the community to propose, vote on, and implement changes to the protocol.&#x20;

Upon the initial release of governance, a proposal must follow the guidelines outlined below to pass. These guidelines may be updated over time by the DAO.

#### Discussion

This phase serves as the foundation for informed decision-making, allowing community members to propose ideas, debate their merits, and refine proposals before they move to a formal voting stage:

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**Idea generation**

Community members brainstorm and develop ideas that could improve the OmniYield protocol.
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**Soft submission**

Before a proposal is set for a vote, an initial proposal is drafted and shared with the community on Discord. This draft includes detailed information about the proposed change, its rationale, potential benefits, and any associated risks.&#x20;
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**Community discussion**

Once a proposal is submitted, it is open for discussion. Community members provide feedback, ask questions, and debate the merits of the proposal. This discussion phase will last five days upon the initial release of governance but may be updated in the future.

If a vote is critical, impacting the protocol considerably, there will be a community town hall on Discord to discuss the proposal in depth. Community members can and are encouraged to hold independent town halls on Discord.
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**Revisions**

Based on the feedback received, the proposal’s author can make revisions to address concerns and clarify certain points.
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**Final draft**

After revisions, the proposal is updated to a final draft. This version reflects the collective input of the previous stages and is typically more polished.&#x20;
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#### Proposals & Voting

This phase ensures that decisions reflect the collective will of the community.&#x20;

Voting is open to any eligible [veOY](https://docs.omniyield.finance/tokenomics/veoy-locked-oy) holder and is held on Snapshot:

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**Proposal launched on Snapshot**

After a proposal has been refined and finalized during the discussion phase, it is posted on Snapshot for voting. Upon the initial release of governance, the voting period will last five days and is subject to future changes.
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**Voting eligibility**

To participate in voting, users must have a [veOY](https://docs.omniyield.finance/tokenomics/veoy-locked-oy) balance before the snapshot takes place for that vote. Votes are weighted on a linear basis.

Some veOY holders may choose to delegate their voting power to trusted delegates who vote on their behalf. While there is a list of official delegates, users can also simply delegate to any address of their choice.
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**Vote tallying**

As votes are cast, they are recorded and tallied. Upon the initial release of governance, a proposal will pass if it receives a simple majority (more than 50%) of the votes cast. This rule is subject to change with future governance proposals.
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**Result announcement and implementation**

Once the voting period ends, the results are announced and implementation begins.

If new and material information is found to have been omitted from the proposal, the proposal may be resubmitted for a new vote.
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