# The MCIP Governance

## The MCFinance Improvement Proposal (MCIP)

MCIP (MCFinance Improvement Proposal) will be the process of governance where the overall ecosystem participants will be able to facilitate governance on the protocol.

The sole purpose for MCIP is for the community's voice to heard and implemented.

Governance on MCFinance DEX shall be facilitated by **MCF**.&#x20;

Governance will initially be proceeded with [Snapshot](https://snapshot.org/) until a better-suited governance infrastructure is created or discovered.&#x20;

## MCFinance Governance Process

![](https://156840105-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MXLulZ8f0e6-D3Ktt3v%2F-MXvDaeCp-JyNtckOWKZ%2F-MXvGTJAZEo6Be3iCJen%2FMCDIPMCIP.png?alt=media\&token=54aeca34-1b42-4289-a0ea-f17ee664dcf5)

In order for an implementable proposal to be created and listed on the official proposal vote process, an MCFinance Improvement Draft Proposal (MCDIP) needs to be passed with the parameters below :

* **0.5% of the circulating supply's participation**
* **55% approval**

After the MCDIP is listed on MCIP, the MCIP needs the following parameters in order to have the proposal enacted :

* **2.5% of the total circulating supply's participation**
* **55% approval**

Since MCFinance is and will always be a community driven protocol, any user can create an MCDIP which will be posted in the MCFinance official Telegram group in order for the voice to be heard to the community.

### MCFinance Governance Process

1. MCDIP creations and submission&#x20;
2. MCDIP vote proceeded to list on MCIP&#x20;
3. MCIP listing&#x20;
4. MCIP vote&#x20;
5. MCIP implementation

All MCF token holders are entitled to vote on the proposal, and only the proposal with the majority vote will be passed.
