# Proposal Process

## Introduction

Anvil governance is a 100% on-chain autonomous process: ANVL token holders vote on proposals submitted as code to update the Anvil protocol. The entire on-chain process occurs over two weeks without needing a trusted intermediary.

## Delegating tokens

To participate in Anvil governance, ANVL token holders must first delegate their tokens for voting. For more information on ANVL token delegation, please see the Delegation section.

<figure><img src="https://1877993407-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRYZqahnNqgZ87jrz4qsR%2Fuploads%2FjlvtD45GiyqAjISywkI2%2FScreenshot%202024-06-15%20at%209.10.16%E2%80%AFAM.png?alt=media&#x26;token=024cd527-e98b-4c5c-9fff-5c115c8cc070" alt=""><figcaption><p>Anvil Proposal Process</p></figcaption></figure>

#### Proposal threshold

At least 500 million total ANVL votes are required to submit a proposal to governance. Delegation of the minimum threshold can be self-delegated or delegated by others.

#### Voting delay

The voting delay is 2 days. This provides ANVL holders time to delegate their tokens (if they have not done so already) or re-delegate to a new address. It also serves as an opportunity to review and discuss the submitted proposal in the forum.

#### Voting period

The voting period is 5 days. ANVL holders who have delegated their tokens can vote `for`, `abstain`, or `against` proposals during the voting period. Proposals require at least five billion ANVL total votes `for` or `abstain` to reach quorum.

#### Proposal failure

At the end of the voting period, proposals that do not reach quorum or reach quorum but receive more `against` votes than `for` votes are not executed.

#### Proposal success

Any proposal that reaches a quorum requires more `for` than `against` votes at the end of the voting period to pass. Any account may queue passed proposals in the execution timelock.

#### Timelock

For successful proposals, there is a 7-day timelock to provide all protocol users time to understand the new parameters and their implications prior to the update. At the end of the 7-day timelock, any account may execute the proposal, triggering its code to be executed on-chain.

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