As Parallel Finance is moving towards a more decentralized governance model, a clear-defined proposal guideline will be helpful for those who are interested in shaping the future of Parallel Finance. 

A proposal must contain all relevant information based on which the voters can develop a clear understanding of the proposal and therefore approve/reject the said proposal. Information needed for a proposal includes but not limited to:

- Proposal Summary
- Background
- Expected Benefit to Parallel Finance
- Rational
- Risks and Mitigation

A proposal must first be submitted to the discussion for at least 3 days before it can be voted on. This time window will allow DAO members enough time to discuss and provide feedback to the proposal, and allow the proposal creator to make adjustments based on the comments, therefore making the governance process more efficient.

A proposal should be organized in the form below:

**Section 1 - Proposal Summary**

A proposal summary should provide a concise overview of the proposal itself. It should outline the proposed action, the goal and the needed resources for the proposal. If a funding is required for the proposal, the amount of funding required and how it will be used should be included in the Proposal Summary as well.

**Section 2 - Background**

The background section should include all information needed in order to form a holistic understanding of the initiative. Ask yourself if you are reading the proposal for the first time, what knowledge do you need to have to understand it? Things you can talk about in the background section includes but not limited to:

- Define technical terms
- Provide data
- Introduce relevant parties
- Describe the problems 

**Section 3 - Expected Benefit to Parallel Finance**

If your proposal is to pass, what are the potential benefits for Parallel Finance? Why are they important? You will want to convince the reader that the benefits your proposal brings will outweigh the human/economical resources your proposal is going to need.

**Section 4 - Rational**

Prove logically why your proposal is going to bring the benefits mentioned in Section 3 and how it is better than other alternatives. Using data and success metrics to convince the reader that what you are proposing is indeed the best solution.

**Section 5 - Risks and Mitigation**

Are there any potential risks to your proposal? And how are you planning to mitigate such risks? Better mention them in the proposal before someone else starts to talk about them in the comment section. 

**Section 6 - Additional Information/Specification**

Depending on the type of your proposal, additional information such as technical details and funding details should be included in the original proposal as well. If funding is involved, who will be in charge of managing the fund? If certain functions need to be added/changed, who will be in charge of the implementation?



Problem Statement:
- Lack of clear-defined proposal guidelines for shaping the future of Parallel Finance's decentralized governance model.

Significance:
- Proposal guidelines will provide a framework for submitting proposals that include all relevant information for voters to make informed decisions.
- Allows for efficient governance process by providing a time window for discussion and feedback on proposals.

Proposed Solution:
- Create a proposal guideline with sections including Proposal Summary, Background, Expected Benefit to Parallel Finance, Rational, Risks and Mitigation, and Additional Information/Specification.

Expected Outcomes:
- Improved understanding and clarity of proposals for voters.
- More efficient governance process with time for discussion and adjustments to proposals.

#471 Parallel Governance Proposal Guideline

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