> For the complete documentation index, see [llms.txt](https://docs.shiftctrl.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.shiftctrl.money/governance/governance-process.md).

# Governance process

## Proposals

To submit a governance proposal, proposers need at least 0.5% of CTRL tokens delegated to them. This is to prevent spamming.

### Common types of proposals include:

* **Parameter Change**: Adjust protocol parameters.
* **Add Tab**: Create a new Tab currency, giving it a name and pegging it to Bitcoin or a fiat currency.
* **Freeze Tab**: Temporarily disable all operations for a Tab currency to protect it from potential threats.
* **Unfreeze Tab**: Re-enable a frozen Tab currency once the threat is resolved.
* **Add Oracle**: Approve a new price oracle for the protocol.
* **Remove Oracle**: Remove an existing price oracle.
* **Add Reserve**: Accept a new wrapped/bridged ERC-20 representation of Bitcoin as reserves.
* **Remove Reserve**: Remove an existing wrapped/bridged ERC-20 representation of Bitcoin from reserves.
* **Ctrl+Alt+Del**: De-peg a Tab from its fiat currency.

## Voting

After a proposal is submitted, there is a 2-day review period. Then, a 3-day voting period begins. 

#### During this time, delegates can vote:

* **Yes**: In favor of the proposal.
* **No**: Against the proposal.
* **Abstain**: Neither for nor against, but the vote counts towards the quorum.

#### For a proposal to be accepted, it must meet these conditions:

1. **Quorum**: A minimum level of voter participation.
2. **Threshold**: A majority of votes must be in favor.

If accepted, the proposal is placed in a timelock for 2 days before it can be implemented.

## Execution

Smart contracts manage the voting process. Each proposal has a Proposal Contract with specific actions. Once a proposal is accepted, the proposer can execute it after the timelock, and the changes are automatically applied by the proposal handler.