# Proposal

From here on out, every stage of the process takes place **on-chain**.

<figure><img src="https://268243558-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FzeCUvNp4zqe4NEKS0jlu%2Fuploads%2FX8URSLPffnrkjyi5Xapj%2Fimage.png?alt=media&#x26;token=0a3a67cd-a2fd-4c29-b95e-60d95b10ef55" alt=""><figcaption></figcaption></figure>

Steps that take place during this stage:

* Submit on-chain proposal
  * Meet requirements
* Voting commences
  * fYFD holders vote
  * Vote Outcomes
* Poll Expiry Reached
  * Approval requirements