Report Acceptance Proposal (RAP) Overview

Context

In order to ensure a high quality rating reports and fair scores, each submitted report is reviewed and has to be accepted by the Prime Rating Governors. The following process is designed to ensure that these each vote follows a standard procedure and uses the same structure.

What is a RAP?

A RAP (Report Acceptance Proposal) is a proposal to accept reports into the overall rating score of a given protocol, as displayed on the Prime Rating Website. A RAP is limited to one report per Snapshot vote.

The RAP Lifecycle

The following steps are required to initiate and effectively queue a vote:

1. Submission of a report via Typeform and notification of governor via the ⤴│submit-report channel in Discord

2. A dedicated governor will check the report for formatting and if correctly formatted will upload it to IPFS, and for voting onto Snapshot using the RAP Template. This typically takes place within two days of submission

3. After adding it to Snapshot, the governor will inform the other governors to vote

4. RAP is queued on Snapshot and runs for 72 hours

5. Once the vote has passed, the implementation is carried out by the Prime governors or stewards, uploading the report to the rating webpage and amend the score of the protocol

Voting Specifications

• Token used to vote: RXP (Rating Experience Points)

• Eligible to vote: Minimum of 200 RXP required to participate in vote

• Quorum: At least one Governor accepting the report (i.e. 200 RXP)

• Pass: 50.1% of participating votes need to vote FOR, for a proposal to pass

• Voting: can happen all year round