Mina Foundation and its ecosystem partners, including O(1) Labs, are committed to decentralized governance through on-chain voting.
In the coming weeks, community members will propose new Mina Improvement Proposals (MIPs) that could lead to a community vote. As such, Mina Foundation would like to remind the community about the MIP process and also how to participate in on-chain voting.
What is a MIP?
MIP stands for Mina Improvement Proposal. Community members can use the MIP process to propose changes to the protocol or new features for Mina. A MIP should provide a concise technical specification of these changes and a rationale for its inclusion in the protocol. The MIP author is responsible for championing their proposal, building consensus within the community, and incorporating feedback.
MIPs are intended to be the main mechanism for proposing new features to the protocol. The entire process is driven by the community and is meant to be highly participatory and transparent.
The MIP process is open to everyone. Community members can view submitted proposals on Github, see example, and also propose their own ideas by following the process outlined on Github. This MIP process is evaluated and adapted on a regular cadence, based on participant feedback. Additionally, a group of MIP Editors ensure that the process is followed correctly.
Key stages to the MIP process include:
Draft: Authors draft MIPs and submit them on Github, according to the guidelines outlined on Github
Review: MIP authors seek and incorporate feedback from the community and specific technical experts; for example through community calls and discussions on Github and MinaResearch
Last call and finalize: Final opportunities for feedback and approval
Read more about the MIP process and how to create your own MIP here.
Review the upcoming MIPs below that will impact the entire Mina ecosystem and require your participation in on-chain voting in the coming weeks. Also, see key details below regarding community calls to discuss MIPs with their authors and collect community feedback.
|MIP||Background||MIP Stage||MIP Owner||Call/Recording Details|
|Remove supercharged rewards in line with initial tokenomics||MF Blog on token distribution||Finalization||garethdavies#4963||12/12/22 at 10:00 AM MST Recording link |
|Reduce wallet creation fee||Original discussion on Mina Research||Draft||flushthefashion#5369||TBD|
Last updated 12/12/22
Note: The MIP process is an open process where MINA token holders are able to vote on a particular proposal. Therefore, a particular outcome of such a vote is not guaranteed. MIP authors can always retract their proposal, and feedback during the review phase could result in a MIP not making it to the community vote. Such feedback will be published by applicable MIP editors. The first vote is scheduled to take place on January 4, 2023 at 2:00 PM UTC and end on January 15, but we will keep the community updated of any changes.
More details and reminders will be shared closer to the voting dates of each MIP on Mina’s Discord server and community channels. Further votes could also be held in Q1 and Q2 next year, authored by ecosystem partners and other community members.
Read Part 2 of this blog post here for more details about the on-chain voting process and important dates for voting on upcoming MIPs.
Review the recording (passcode: b%37J6c$) from garethdavies#4963’s community call on December 12th at 10:00 AM MST to learn more about his MIP to remove supercharged rewards in line with initial tokenomics.
For more details about the overall MIP process, please visit the MIPs Github page.
About Mina Protocol
Mina is the world’s lightest blockchain, powered by participants. Rather than apply brute computing force, Mina uses advanced cryptography and recursive zk-SNARKs to design an entire blockchain that is about 22kb, the size of a couple of tweets. It is the first layer-1 to enable efficient implementation and easy programmability of zero knowledge smart contracts (zkApps). With its unique privacy features and ability to connect to any website, Mina is building a private gateway between the real world and crypto—and the secure, democratic future we all deserve. Mina is stewarded by the Mina Foundation, a public benefit corporation headquartered in the United States.