A Proposal is a plan or suggestion, especially a formal or written one, put forward for consideration by others.
A formal way of an individual suggesting an improvement in the policy or the functionality of the platform/product, put forward for consideration by others.
PENDINGstate until the vote begins.
ZERO, then the voting period begins at the next block. Otherwise, the voting begins after the
votingDelay. A snapshot of voting powers is taken and can no longer be delegated/transferred for the proposal being voted on.
ACTIVE, and users can submit a vote for or against the proposal, weighted by the users' total voting power (tokens + delegated voting power), within the allotted
SUCCEEDED, otherwise it is
SUCCEEDEDproposal can be queued and will be executed after the execution delay and before grace period expiration.
PROPOSAL_THRESHOLD, any user can cancel the proposal.