Basic

Basic proposals are of the following types:

Text Proposal

Proposal that is purely a text submission.

Votes are distributed to fYFD holders, action must be taken off-chain to execute the intention of the transaction.

Execution Proposal

Proposal that is purely an on-chain contract call.

Votes are distributed to fYFD holders, affirmative majority result allows for the proposal message to be executed. The resulting Transaction ID returned is stored in the message proposal.

Treasury Spend Proposal

Requires that the addresses that is to receive funds has been affirmed through a Whitelist proposal.

For MVP this feature is still in testing.

Funds will be held in a multi-signature wallet and dripped into the treasury as needed, until sufficient testing assures the community that the contract is safe and reliable.