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:
Sign in with a wallet that has BALN staked or in a liquidity pool.
Choose to approve or reject the proposal, then confirm the transaction.
Each vote will be open for 5 days, and your voting weight is based on your BALN activity when the vote began.
For a proposal to be approved, at least 20% of eligible BALN needs to vote, and 66.66% 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 100 bnUSD and have staked at least 0.1% of the total BALN supply.
If you have an idea for a proposal:
Submit your initial proposal on the forum, under the Discussion category.
Receive feedback from the community and adjust your proposal if necessary.
Submit your final proposal under the BIPs (Balanced improvement 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.
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 to its $1 peg, up to a max of 10%. (The smaller the threshold, the more rebalancing will occur.)
Enter the title and a short description. There's a 100 and 500 character limit, respectively, so you’ll need to be as clear and concise as possible. The title should lead with the BIP number (
BIP5: [proposal title]).
Provide the link to your BIP on gov.balanced.network.
For non-text proposals, enter your proposed changes.
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 (1pm Eastern).