Summary:

Edit the governance framework to add a new vote category for gauge creation proposals

Context:

In APWine (Spectra V1), the pools were listed in the protocol after being voted on by the DAO and deployed by the core team. The listing propositions belonged to the APIR (APWine Integration Requests) category which was renamed to SIR (Spectra Integration Requests) after Spectra's rebranding. The creation of pools in Spectra’s upcoming version is fully permissionless, thus making SIRs irrelevant. However, the deployment of gauges over selected pools will still be subject to the decision of the DAO.

Rationale:

Updating the governance framework to reflect this change will enable the DAO to continue managing the Spectra Protocol incentives efficiently. The framework update should clearly highlight what the new category of proposal can modify in the protocol, and which are the requirements for these proposals to pass.

Proposal:

Eliminate the SIR category.

Introduce the SGR category into Spectra's governance framework.

SGRs should be used for the following purposes:

• create a new gauge for a selected IBT/PT pair on Spectra
• delete an existing gauge for a selected IBT/PT pair on Spectra

SGR should first be posted on the Forum for a temperature check vote, with no requirements. After 3 days, the proposal can be submitted for voting on Spectra’s Snapshot with 3 voting options: Yes, No and Abstain.

The vote can last between 48 hours to 7 days. After this period, if the total votes number is below the quorum threshold of 5% of the veAPW supply, or if “No” votes exceed “Yes'' votes, the proposal fails. If the total votes number exceeds 5% and “Yes” votes outnumber “No” votes, the proposal passes, resulting in the addition or removal of a Gauge, as specified.

If an SGR passes, it should be executed within 14 days following its approval. If the request aimed to create a new gauge, that gauge will follow the rules described in the latest tokenomics update proposal, that describes the gauge’s behavior.

Means:

Update the governance framework and provide a template for SGRs

Technical implementation:

Update categories in Spectra’s Governance Forum

Voting options:

• Yes, discard the SIR category, introduce the SGR category

• No, do not get rid of the SIR category, do not introduce the SGR category

• Abstain