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Participate in governance
Learn where to discuss potential changes to Balanced, how to vote on the changes proposed, and submit a proposal of your own.
Balance Token holders have the power to vote on changes to Balanced, and decide where money is spent. To participate in discussions about the future of Balanced, go to gov.balanced.network.

To view all proposals submitted on Balanced, go to the Vote page.
Click a proposal to view a short summary of the changes, then review the forum discussion to gain a full understanding of the changes.
If the voting period is active, you can vote:
  1. 1.
    Sign in with a wallet that has BALN staked.
  2. 2.
    Choose to approve or reject the proposal, then confirm the transaction.
Unless a 24-hour emergency proposal has been submitted via the smart contracts, voting will last 5 days. Your voting weight is based on the amount of BALN you had staked when the vote began.
For a proposal to be approved, at least 20% of eligible BALN needs to vote, and 66.67% need to be in favor.

If you want to make changes to Balanced, start a discussion on the forum to validate your idea, then submit a proposal for BALN holders to vote on.
To submit a proposal, you'll need to pay a fee of 100 bnUSD, and have at least 0.1% of the total BALN supply staked in your wallet. If the proposal is approved, the fee will be refunded.

If you have an idea for a proposal:
  1. 1.
    Submit your initial proposal on the forum, under the Discussion category.
  2. 2.
    Receive feedback from the community and adjust your proposal if necessary.
  3. 3.
    Submit your final proposal under the 'BIPs' (Balanced improvement proposals) or ‘DAO funding proposals’ category.

Go to the Vote page on Balanced and click ’New proposal’. Then choose a proposal type:
  • Text. Suggest features the team should implement, DAO fund expenditure, and other initiatives that don't require or aren't supported by direct protocol changes.
  • New collateral type. Allow a new cryptoasset to be used as collateral for Balanced Dollars.
  • BALN allocation. Adjust the distribution ratio of Balance Tokens.
  • Network fee allocation. Adjust the ratio of fees paid to BALN holders and the DAO fund.
  • Loan fee. Adjust the fee borrowers pay when they mint Balanced Dollars.
  • Loan to value ratio. Adjust the amount people can borrow against their collateral.
  • Rebalancing threshold. Adjust how tightly we should keep Balanced Dollars pegged to $1, up to a max of 10% (the smaller the threshold, the tighter the peg).
  • Funding. Request funding from the DAO fund to pay for one-off expenses that benefit Balanced.
  1. 1.
    Enter a title of up to 100 characters. It should lead with the BIP or DFP, and be as clear and concise as possible (e.g. BIP3: Increase origination fee to 1.15%).
  2. 2.
    Provide the link to your BIP or DFP posted on gov.balanced.network.
  3. 3.
    Add a summary of up to 500 characters to the Description field. Note that line breaks, lists, or other formatting will be ignored.
  4. 4.
    For non-text proposals, enter your proposed changes.
  5. 5.
    Click Submit, then pay 100 bnUSD to complete the transaction.
Your proposal will be added to the Vote page, and voting will begin after the next daily snapshot (6pm UTC).
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Discuss your proposed changes
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