👔Create proposals to change Vault's parameters

Unlike popular "decentralized" voting solutions, the fundamental ASPIS principle is that absolutely all decisions made by the Vault members should be executed on-chain without the need for 3rd party execution. This approach is critical for asset management, as it prevents fraud or simply discrepancies between decisions made "on paper" and the actual actions taken on behalf of the Vault.

For this purpose, we have developed a broad list of proposal templates, that allow transparent decision-making aligned with all investors on behalf of the Vault.

Here, you can find a list of all the possible proposals that can be created within the Vault.

All Vault decisions and transactions are executed through the voting (except trading allowed assets on integrated DEXes) and executed by the manager.

Every Vault member can:

• Vote on all proposals;

• Create certain proposals

Proposal creation

The proposal creation example is represented below:

Proposal creation process

Once a proposal has been created, each member of the Vault can vote for or against the proposal.

Voting participation

The voting process example is represented below:

Voting process

The key voting parameters are:

• Quorum - Minimum share of all minted LP tokens that must participate in voting in order for the voting to be considered valid

• Minimum approval - Minimum share of LP tokens that must vote for one of the options in order for the voting to be considered valid

• Voting duration - the period of time during which Vault members can vote for one of the options (if the thresholds for Quorum and Minimum approval are not passed within this period - the voting will be considered failed)

Note that 1 LP token is equal to 1 cast, so the voting power of the Vault member is directly proportional to his share of LP tokens in the total circulating supply of LP tokens.

Let's explore how the above parameters work using an example of abstract voting

Example #1

Qorum hasn't been reached

Example #2

Example #3