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A Community Action Proposal (CAP) seeks funding from the BFD treasury and/or endorsement by the BFD community.
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All funding requests must be denominated in USDC. Proposals seeking only community endorsement are in the same category as those up to 5,000 USDC for discussion and voting purposes.
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A CAP must be championed by at least one Flag Bearer, who is responsible for initiating the Snapshot vote.
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Before a Snapshot vote, the proposal must undergo a minimum discussion period on the BFD Forum: 7 days for proposals up to 5,000 USDC in value, and 14 days for proposals above 5,000 USDC in value.
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To pass, a CAP vote on Snapshot requires 70% approval and must meet a quorum of 25% of eligible voters (Flag Raisers can vote on CAPs up to 5,000 USDC in value, and Flag Bearers can vote on all CAPs).
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Only Flag Bearers may post proposals on Snapshot.