Learn where to discuss potential changes to Omm, how to vote on the changes proposed, and submit a proposal of your own.
Omm Token holders have the power to vote on changes to Omm, and decide where money is spent. To participate in discussions about the future of Omm, go to forum.omm.finance.
Vote on proposals
To view all proposals submitted on Omm, go to the Vote page.
Click a proposal to view a short summary of the changes, then review the forum discussion to gain a full understanding of the changes.
If the voting period is active, you can vote:
Sign in with a wallet that has staked OMM.
Approve or reject the proposal, then confirm the transaction.
Each vote will be open for 5 days, and your voting weight is based on the amount of OMM you have staked when the vote began.
For a proposal to be approved, at least 20% of staked OMM needs to vote, and 66.67% need to be in favour.
Submit a proposal
If you want to make changes to Omm, start a discussion on the forum to validate your idea, then submit a proposal for OMM holders to vote on.
To submit a proposal, you'll need to pay a fee of 1,000 OMM and have at least 0.1% of the total OMM supply staked in your wallet. If the proposal is approved, the fee will be returned to your wallet. If it's rejected, the fee is sent to the DAO fund.
Discuss your proposed changes
If you have an idea for a proposal:
Submit your initial proposal on the forum, under the Discussion category.
Receive feedback from the community and adjust your proposal if necessary.
Submit your final proposal under the OIPs (Omm improvement proposals) category.
Post your proposal on Omm
Go to the Vote page on Omm and click ’New proposal’. Then:
Enter a title of up to 100 characters. It should lead with the OIP number, and be as clear and concise as possible (e.g. OIP3: Increase the borrow limit to 75%).