Prop Dollar and Prop Ether consist of a set of automated smart contracts on the Ethereum blockchain. This code, protected by a 48-hour timelock, is owned and controlled by a global community of OGV token holders who operate a decentralized autonomous organization, known as the Prop DeFi DAO.
Learn more
Registered voters
Open-source contributors
Improvement proposals
The Prop DeFi community lives in Discord, where the protocol was developed in public. Many improvement proposals are born here through transparent discussion and debate. While there is no requirement to discuss improvements prior to submitting a proposal, this is where the conversation happens.
All off-chain voting occurs on the Prop DeFi Governance Snapshot space. This allows for signaling votes and temperature checks to be conducted without participants needing to spend gas. Other proposals belong on Snapshot because they don't require on-chain execution to be implemented, such as funds allocations and other Strategist actions.
Participation requirements
300,000 veOGV
to create a proposal
No minimum
to vote on existing proposals
50 million veOGV
quorum requirement
All configuration changes and improvements to the protocol's smart contracts must be executed on-chain. The Origin DeFi governance contracts are derived from OpenZeppelin's open-source code and require technical expertise to update. All on-chain proposals are reviewed for security risks and any changes to the code should be accompanied by a thorough security audit. A timelock provides an added layer of security preventing changes from taking effect immediately after an on-chain vote is passed.
Participation requirements
10,000,000 veOGV
to create a proposal
No minimum
to vote on existing proposals
20% of veOGV supply
quorum requirement
01
Buy OGV
02
Stake OGV
03
Discuss a proposal
04
Submit a proposal
05
Vote on a proposal
OGV can be purchased from many of the top AMMs and exchanges.
AMMs
Exchanges
Unsure how much OGV you need?
Use the calculator below to see how much staked OGV you would need to create off-chain and on-chain proposals.
Select your staking period to see how much OGV is needed for Snapshot and on-chain proposals
Length of stake
25 Months
Snapshot proposal (300,000 veOGV)
33,844.64
OGV
OGV required
On-chain proposal (10,000,000 veOGV)
1,128,154.64
OGV
OGV required
*The exchange rate between OGV and veOGV is constantly changing. By the time you stake OGV, the amount of veOGV you receive will likely be higher than the minimum required. This calculator will give an amount that should be at least enough to participate in governance.