Ratification

Ratification refers to a Governance Action. A Governance Action gets approved (or ratified) if it reaches the defined thresholds.

Governance actions are ratified through on-chain voting actions. While different kinds of governance actions have different requirements, ratification always involves two of the three governance bodies (DReps, Constitutional Committee and SPOs), with the exception of a hard-fork initiation, which requires ratification by all governance bodies.

Depending on the type of governance action, an action will be ratified when a combination of the following occurs:

• the Constitutional Committee (CC) approves of the action (the number of 'Yes' votes meets the CC’s threshold)

• the DReps approve of the action (the stake controlled by the DReps who vote 'Yes' meets a certain threshold of the total active voting stake)

• the SPOs approve of the action (the stake controlled by the SPOs who vote 'Yes' meets a certain threshold over the total registered voting stake)

The ratification period is the time that elapses between a governance action being submitted and its ratification.