🧾Proposal Types & Safeguards

To ensure a robust and secure governance process, the Jackpotter platform has established different proposal types with varying requirements, as well as a set of safeguards to protect the ecosystem from malicious or harmful proposals.

Proposal Types

There are four main types of proposals, each with its own quorum, approval threshold, and timelock:

Proposal Type	Quorum	Approval Threshold	Timelock
Parameter Changes	5% of total staked voting power	66%	48 hours
Feature Additions	10% of total staked voting power	66%	7 days
Treasury Spending (>5M JPT)	15% of total staked voting power	75%	14 days
Protocol Upgrades	20% of total staked voting power	80%	21 days

These varying requirements ensure that more significant changes to the platform require a higher level of community consensus and a longer review period.

Governance Safeguards

To protect the Jackpotter ecosystem, several safeguards have been implemented:

Emergency Veto

The 4-of-5 multi-sig wallet can veto any proposal that threatens the security of the platform, violates regulations, or contains critical bugs. A public explanation is required for any veto.

Proposal Cancellation

The proposer can cancel their proposal at any time before the voting period ends.

Vote Delegation

Stakers can delegate their voting power to another staker, allowing them to participate in governance even if they are unable to vote themselves.

Anti-Gaming Measures

A 24-hour staking delay is required before a user becomes eligible to vote. This prevents flash loan attacks and other attempts to manipulate the voting process.