Xgov rules for sessions 2

algorandfoundation · Oct 13, 2023 · 36a15de · 36a15de
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commit 36a15de
Showing 1 changed file with 18 additions and 6 deletions.
diff --git a/ARCs/arc-0034.md b/ARCs/arc-0034.md
@@ -45,6 +45,7 @@ In order to submit a proposals, a proposer needs to create a pull request on the
 Proposals **MUST**:
 - Follow the [template form provided](../assets/arc-0034/TemplateForm.md).
 - Follow the rules of the xGov Proposals Repository.
+- The minimum requested Amount is 1000 Algo
 - Have the status `Final` before the end of the temperature check.
 - Milestone-based grants must submit a proposal for one milestone at a time.
 - Milestones need to follow the governance periods cycle. With the current 3-months cycle, a milestone could be 3-months, 6 months, 9 months etc.
@@ -60,22 +61,33 @@ To be eligible to apply for a grant, projects must abide by the <a href="https:/
 The voting system for the xGov program will be the following:
 - Only xGovs are eligible to participate in the voting process
 - Utilization of the Algo committed by xGov as a form of voting currency, with a 1:1 ratio of Algos to votes
+- No funds are allocated if the total number of Algo used during the voting process is less than 50% of the total number of Algo in Term Pools.
 - Proposals that do not reach the threshold of votes required will be removed from consideration.
 
 ### Threshold 
 In order for a proposal to be approved, it is necessary for the number of votes in favor of the proposal to be proportionate to the amount of funds requested. This ensures that the allocation of funds is in line with the community's consensus and in accordance with democratic principles.
 
 The formula to calculate the voting power needed to pass a proposal is as follows:
-`Voting Power Needed = (Amount Requested) / (Amount Available) * (Total Number Of Algo In Term Pools)`
 
-> eg. 2 000 000 Algo are available to be given away as grants, 200 000 000 millions Algo rewards are committed to the xGov Process (200 000 000 votes available in the Term Pools):
-> - Proposal A request 100 000 Algos (5 % of the Amount available)
-> - Proposal A needs 5 % of the votes (10 000 000 Votes) to go through
+`Voting Power Needed = (Amount Requested) / (Amount Available) * (Total Number Of Algo Used During The Vote)`
 
-**To update**
+> eg. 2 000 000 Algo are available to be given away as grants, 300 000 000 millions Algo are committed to the xGov Process, 200 000 000 Algo are used during the vote:
+>  - Proposal A request 100 000 Algos (5 % of the Amount available)
+>  - Proposal A needs 5 % of the votes (10 000 000 Votes) to go through
+
+### Reserve List
+
+Proposals that received 50% to 100% of the required votes are placed on the reserve list. Funds are allocated from the top down, provided the requested amount is less than the remaining balance available for distribution.
+
+> eg. 2 000 000 Algo are available to be given away as grants, 300 000 000 millions Algo are committed to the xGov Process, 200 000 000 Algo are used during the vote:
+>  - Proposal A request 100 000 Algos (5 % of the Amount available)
+>  - Proposal A needs 4 % of the votes (8 000 000 Votes) to go through
+>  - Proposal A got 80% of the votes required and enter the reserve list, there is now 2 possibilities:
+>  - - If over 100,000 Algo remains available for grants, funds will be distributed.
+>  - - If less than 100,000 Algo is left for grants, no funds will be distributed.
 
 ### Voting on proposal
-At the start of the voting period xGovs [ARC-33](arc-0033.md) will vote on proposals using the voting tool hosted at <a href="">[URL TBD]</a>.
+At the start of the voting period xGovs [ARC-33](arc-0033.md) will vote on proposals using the voting tool hosted at <a href="https://xgov.algorand.foundation/">[[URL TBD]](https://xgov.algorand.foundation/)</a>.
 
 Vote will refer to the PR number and a cid hash of the proposal itself.