.==:                    
                     :======:                  
                    .=========:                
                      :=========:              
                   .-=-.:=========:            
                 .-======..=========:          
               .-++======-  :=========:        
             .-+++++++=-.     .=========:      
             .::::::::.        .::::::::.      
              :=+++++++=:    .-========-.      
                :=+++++++=:.-++++====-.        
                  :=++++++++++++++=-.          
                    :=+++++++++++-             
                      :=+++++++-.              
                        :=+++-.                
                          :-                   
                                         
 _____             _____                        _        
(____ \     /\    / ___ \                      | |       
 _   \ \   /  \  | |   | |  ____   ____   ____ | |  ____ 
| |   | | / /\ \ | |   | | / ___) / _  | / ___)| | / _  )
| |__/ / | |__| || |___| || |    ( ( | |( (___ | |( (/ / 
|_____/  |______| \_____/ |_|     \_||_| \____)|_| \____)                

Protocol Improvement Proposals (PIPs)

Protocol Improvement Proposals (PIPs) are used to make specific changes to the Volatility DAOracle. A PIP can be in one of four states:

PIP State	Definition
Approved	These are PIPs that have passed through the process and are now a part of the DAOracle.
Proposed	These are PIPs that are in the process of being considered for the DAOracle.
Removed	These are PIPs that were at one time part of the DAOracle but have been removed.
Failed	These are PIPs where the pull request was approved but the governance vote failed.

Submit a PIP

All PIPs go through an iterative process of submission where they move from an Idea -> Formal Feedback -> Voting -> Approved/Failed. The particular steps to get a PIP approved is dependent on the type of PIP you are submitting.

To contribure to this repo or to submit a PIP, follow the instructions for the type of PIP you are creating:

1. Volatility DAO Governance - Use this process if you want to create a governance proposal specifically for the Volatility DAO (e.g. not specific to the DAOracle).
2. Adding an Index - Use this process if you want to submit an index to the DAOracle.
3. Removing an Index - Use this process if you want to remove an index from the DAOracle.
4. Changing Parameters - Use this process if you want to change the parameters of a PIP which has already been approved for the DAOracle.
5. Changing Approved Code - Use this process if you want to contribute to open-source code for PIPs that have been approved.

Directories of PIPs

Approved

Governance

Proposal	Date Approved	Description
Proposal 3	Sep 14, 2021	Returning to Voting on Rewards and Reverting the DAO Allocation
Proposal 4	Nov 19, 2021	New Voting Mechanism

DAOracle

There are currently no approved DAOracle proposals, start one!

Proposed

Directory Status Keys:

• Comment - Pull request open for comment.
• Community Call - Community call is scheduled for review.
• Voting - A governance vote is scheduled or live.

Volatility DAO Governance

There are currently no Volatility DAO Governance proposals, start one!

Adding An Index

Proposal	Description	Current Step	Status
MFIV	Model Free Implied Volatility	Step 1	Comment

Removing An Index

There are currently no removing an index proposals, start one!

Changing PIP Parameters

There are currently no changing PIP parameters proposals, start one!