Running governance proposals for a Bridging Aggregator (like Across, Socket, LI.FI, etc.) typically involves submitting, discussing, and voting on changes to the protocol. Here's a step-by-step guide:
1. Understand the Governance Framework
Check the project’s official documentation (e.g., governance docs, forum, or Snapshot/Discord).
Identify:
Proposal types (e.g., parameter changes, treasury spend, upgrades).
Voting system (e.g., token-based, veToken, quadratic voting).
Proposal thresholds (e.g., minimum token balance to propose).
2. Draft the Proposal
Title: Clear and concise.
Summary: Brief overview of the proposal.
Motivation: Why this change is needed (e.g., improving bridge efficiency, fee adjustments).
Specification: Technical details (e.g., smart contract changes, new integrations).
Voting Options: Typically "For," "Against," or "Abstain."
Example:
*"Proposal to reduce Across Protocol’s relayer fees from 0.1% to 0.05% to boost cross-chain volume."*
3. Discuss on Governance Forums
Most projects use Discourse, Commonwealth, or Discord for discussion.
Across → forum.across.to
Socket → gov.socket.tech
Example forums:
Gather feedback and refine the proposal.
4. Submit the Proposal
On-chain (e.g., via Tally, Governor Bravo):
Requires gas fees.
Example:
propose(address[] targets, uint[] values, string[] calldata signatures, bytes[] calldata calldatas)Off-chain (e.g., Snapshot):
Gasless voting (based on token snapshots).
Example:
snapshot.org/#/[project].eth
5. Campaign for Votes
Engage the community via:
Discord/Twitter threads.
Delegation: Convince large token holders (whales, DAOs) to support.
Incentives: Some protocols reward participation (e.g., staking rewards).
6. Voting Period
Typically lasts 3–7 days.
Voters use governance tokens (e.g., $ACX for Across, $LI.FI for LI.FI).
Some protocols use quorum requirements (e.g., 10% of tokens must vote).
7. Execute the Proposal
If passed:
On-chain proposals: Executed automatically or by multisig.
Off-chain proposals: Requires manual enforcement by the team.
If rejected: Can be revised and resubmitted.
Key Platforms for Bridging Aggregator Governance
| Protocol | Governance Forum | Voting Platform |
|---|---|---|
| Across | forum.across.to | Tally (on-chain) |
| Socket | gov.socket.tech | Snapshot (off-chain) |
| LI.FI | Commonwealth | Snapshot |
| Bungee (Socket) | gov.socket.tech | Snapshot |
Tips for Success
Small proposals have higher pass rates.
Delegate votes if you lack tokens (e.g., via Tally).
Monitor analytics (e.g., Boardroom for voter trends).
For specific projects, always refer to their official governance docs.
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