Abstract

This is a proposal to update the Community Verified Projects (CVP) process to ensure that projects launching within the Metis Ecosystem get sufficient promotional support from the Metis Ecosystem through the CVP program as a core part of Community Ecosystem Governance (CEG).

Purpose

Through community feedback received by the team regarding the current CVP processes, we are proposing a change that will update the CVP to allow for more decentralized operation and decision making power by the community on choosing projects to promote within the Metis Ecosystem.

Proposal

• Enabling the community to submit a proposal directly on the Snapshot (community member submitting the proposal should have at least 10 METIS)
  • The previous system only allows a Snapshot proposal to be created by the governance team
• No mandatory requirements to submit a proposal, only recommended guidelines
  • The previous system had mandatory requirements that were reviewed and approved by the governance team before a Snapshot proposal was created
• No manual review by the governance team
  • The previous system had a manual review process that approved or rejected projects based on successfully fulfilling the requirements
• Voting Period - 72 hours
• A quorum requirement of 10k METIS tokens and 500 addresses participating
  • The previous system had no quorum requirement
• >80% approval vote to pass
  • No change from the previous system
• Transferring Metis Governance forum from https://candidac.org to https://ceg.vote
  • The previous location for the Metis Governance Forum was https://candidac.org.
• Addition of their project into a list of approved CVP - https://projects.ceg.vote [in-development]
  • The previous system had a CVP verified badge on the Metis Ecosystem page
• Introduction of an Offboarding Process
  • The previous system did not have an offboarding process

Offboarding Process

The community may begin the process of removing the project if it uncovers malicious events that harm the ecosystem.

Examples of the events:

• Website unreachable
• Socials deleted (Twitter, Discord, Telegram, etc.)
• Liquidity is removed, resulting in a significant price impact (>80%)
• Discovery of security risk through a contract vulnerability
• Inactive groups
• No project activity

Process

1. A proposal is created for the project offboarding in the Metis Governance Forum, the proposal needs to specify the reason for the offboarding
2. A Snapshot is created and the offboarding follows the quorum, approval, and time requirements of the onboarding process
3. If the proposal passes, then the project will be removed from the https://projects.ceg.vote [in-development] page

This is a large proposal that will make a significant change to the current CVP process. I hope that this proposal makes the CVP program more impactful to both the projects and the community.