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Raising a proposal
To raise a proposal, a user must hold, or have delegated to their wallet an amount of vBUMP equal or greater than 1% of the total deposited BUMP in the governance contract.
It is highly recommended that before a proposal is formally raised that it is presented as a Bumper Request for Comments (BRC) in the Bumper Forum to allow other community members to provide suggestions or amendments. To increase the likelihood of a proposal passing a community vote, it's also recommended that an off-chain vote via Snapshot be conducted too.
All proposals begin as Initial Bumper Improvement Proposals (iBIPs), and are transformed to full proposals once they have been reviewed and accepted by a simple majority vote by the Technical Steering Committee (TSC).
A proposal creator can only create one active proposal at a time, but this does not affect their ability to vote on other proposals raised by any other creator.
To raise a proposal, visit the Bumper DAO and select the proposals tab, and then click on Create Proposal. As the submission of any proposal is an on-chain event, the creator must pay the required gas fees.
There are a number of requirements which must be entered into the proposal including the a name and description and at least 1 'Action'.
Actions include selecting a target address, whether it is a proxy or not, the values for the action, and any required function calls. Each proposal may contain a maximum of 10 actions, and when the proposal is executed, all actions are executed, or none of them, meaning that if a single action reverts, then the whole proposal execution also reverts.
The creator may withdraw the proposal by calling the cancel function. Furthermore, if the creator’s BUMP balance falls below the required level as set out in the ‘Create a Proposal’ phase, the proposal will automatically fail.