# 1.7 Governance

## **Governance Model Introduction**

SASHIMI-ETH LP Token (i.e. SASHIMICHAKRA) need to be used for SashimiSwap on-chain governance. Any user can initiate a proposal on <https://snapshot.sashimi.cool/#/sashimi>, and any user holding SASHIMICHAKRA can vote for or against the proposal.

Proposal website: <https://snapshot.sashimi.cool/#/sashimi>

## **Structure of the First Sashimi Governance Committee**&#x20;

Size of Sashimi Governance Committee: 5 members (might be expanded in the future)

The Committee has the following responsibilities:

1\. Initiate a proposal as a member of the core team.

2\. Hold multisig of timelock for future changes.&#x20;

3\. Give advice on Sashimi's development.

Term of Committee members: to be elected every six months

Time of establishment: October 20, 2020

## **Proposal Rules**

* The voting period is unlimited, the default period is three days.
* Vote by using the SASHIMI-ETH SALP Token (i.e. SASHIMICHAKRA) staked in the Farms, one token, one vote.
* The proposal will be passed after the participation rate reaches 30% and the Yes votes exceed 60%.
* When the core team initiates a proposal, a proposal number needs to be added before the title, and add ‘1’ based on the latest proposal number. For example, if the latest proposal number is \[SAIP-0001], then the proposal number should be \[SALP-0002] when initiating a new proposal.