DFIP Spotlight: Improving the Handling of Community Fund Proposals (CFPs)

The DeFiChain community has proposed a significant improvement aimed at bolstering transparency, accountability, and integrity in handling Community Fund Proposals (CFPs). This latest DeFiChain Improvement Proposal (DFIP) introduces structural adjustments designed to align CFP standards with those of DFIPs, reflecting a mature and responsible approach toward decentralized governance. Raising the Bar for Governance Currently, CFPs only require a 50% approval rate from Masternodes (MN), creating inconsistencies and potential vulnerabilities in fund allocations. This new DFIP proposes to elevate the approval threshold to 66.67%, harmonizing it with existing DFIP standards. Such a change ensures that only proposals with broad and solid community support receive funding, safeguarding against insufficiently vetted projects. Structured Milestone-Based Payments A cornerstone of the new DFIP is introducing structured payout models. Any CFP requesting more than $3,000 must establish tranche...