Proposal Initiation Processing

Step 0. Requirements

First and foremost, you need a certain number of vst-Ladder Tokens to make a Ladder Finance Proposal. You can find out how to get vst-Ladder Tokens here. Go to the Proposal tab in Ladder Finance, connect your wallet, and create a proposal. The proposal should have a clear truth/necessity/justification for the following. After submitting your proposal, Ladder Finance will respond to your proposal within a month.

Step 1. Proposal Initiation

If Ladder Finance deems a proposal to have merit, it will be voted on publicly. At this time, the rightmost part of the proposal title will be given a different mark depending on the issue and its importance.

Voters holding vst-Ladder Tokens can vote on the proposal for one week. Votes can be invalidated if fraud is detected.

A proposal may be suspended if Ladder Finance discovers any illegality or risk, even after the proposal has been made, and this applies even after the proposal has been passed.

If Ladder Finance discovers any disqualifying reasons or obvious fraud, cheating, or abusing before, during, or after a proposal, it will cancel the vote and post a response and clarification accordingly.

There are only three options for voting: upvote, downvote, and abstain, with no additional options unless there are special circumstances.

Step 2. Proposal Result

Ladder Finance will act within 14 days if the proposal is accepted and will clearly and fully document the goals/objectives/deadlines for the activity.

If the proposal is not passed, you will be notified of the outcome of the proposal if it needs to be supplemented or corrected/added, otherwise it will be passed, and you will not be able to raise the same proposal.

If all three options in a proposal don't tie (or if there are two ties), the project can hold a golden vote or re-vote.