Proposal Overview
A PIA Improvement Proposal (PIP) is a document based proposal to create new functionality on the Piacoin platform or modify existing parts of the Piacoin platform. The PIP proposal process largely follows the same process as Ethereum's Improvement Proposal (EIP).
In the PIACOIN Governance Process 1.0, a PIP can be created for the following three scenarios:
The community can propose to create a new recipe (index) and use PIA tokens to pass/reject the proposal
The community can propose to update current recipes (indexes) and use PIA tokens to pass/reject the proposal
The community can propose to create a new liquidity mining program and use PIA tokens to pass/reject the proposal
In the near future, we will upgrade our governance model to incorporate more sophisticated scenarios to PIPs, such as treasury management and meta-governance proposals (governance of tokens included in PIACOIN indexes).
In the longer term future, PIPs will also be used to propose upgrades and changes to PIACOIN Protocol smart contract and Piacoin platform.
This is a high level overview of a PIP lifecycle:
Community discussion - For the community to discuss on the Piacoin Forum
Proposal creation - Using the PIP template and submitting on the Cook Piacoin Forum
Q&A - Hold a Q&A session for new PIPs with community members
Vote Schedule - Schedule a day to take a snapshot vote of the proposed PIPs
Vote Snapshot - Snapshot vote taken for proposed PIPs
Execution - All vote approved PIPs will be executed
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