Proposal Lifecycle
How changes are initiated, validated, and executed across the OLTA protocol.
OLTA's governance system follows a structured proposal lifecycle to ensure that changes are transparent, deliberate, and aligned with long-term protocol health. The lifecycle applies to all proposals affecting protocol-level rules, token mechanics, fund structures, or treasury decisions.
Lifecycle Phases
Drafting
Proposal authors outline the objective, scope, and rationale
Submission
Initial submission occurs via direct contact for institutionals and via forum or social channel (e.g., Discord, governance hub) for retails
Delay Period
A minimum delay (e.g., 5 open days min.) before voting begins, allowing review and feedback
Voting Period
Eligible voters cast their votes using staked $OLTA. The voting period typically lasts 10 open days, allowing sufficient time for proper review, delegation, and institutional participation
Outcome & Quorum
Proposal passes if quorum and majority thresholds are met
Execution Delay
Buffer period before implementation, allowing final review or, in rare and exceptional cases, the triggering of a qualified veto if explicitly permitted by governance rules
Execution
The approved change is implemented in accordance with the proposal terms and governance outcome
Voting Conditions
Voting power is proportional to the amount of $OLTA staked
IRTs are not used for voting, but may be used to gate eligibility for certain fund-specific votes
Quorum and majority thresholds are defined in the governance contract and may evolve
Optional Filters
Certain proposals (e.g., fund parameter changes) may include:
Minimum IRT balance at snapshot
Whitelisting of eligible voters
Independent risk review (optional)
OLTA’s governance lifecycle ensures every decision follows a clear path — from idea to execution with safeguards at every step.
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