Proposals and voting

Votes count yes weight.

Anyone holding 0.5 % of the locked PSY can propose. A proposal passes if yes beats no, yes reaches half the recent turnout, and yes reaches the floor (5 % of locked PSY, 10 % for Treasury, parameter, fund and removal proposals) or enough people voted yes (50, or 100). Then 48 hours of timelock. A token vote that decides an attestation challenge always needs the higher floor (10 % or 100 yes voters). Where 100 yes voters are needed, only voters with at least 100 PSY in their ballot count. A ballot counts the PSY that was locked both when the proposal was made and at the ballot, so PSY locked later adds nothing. A parameter moves at most to double or half its value, once per 30 days.