Governance Proposal
A formal motion put to a DAO's token holders to change a protocol — the unit of on-chain decision-making.
A governance proposal is a formal, votable motion submitted to a DAO or protocol’s community — to change parameters, spend treasury funds, upgrade contracts, add features, or set policy. Holders of the governance token vote (often via Snapshot or on-chain), and passing proposals may execute automatically or be enacted by a multisig.
Proposals are where decentralized governance becomes concrete, and reading a protocol’s proposal history reveals how it’s actually run — who proposes, who votes, what passes. They’re also an attack surface: a maliciously-crafted proposal is the vehicle for a governance attack, which is why timelocks and quorums exist. The lifecycle — proposal, discussion, vote, execution — is the fundamental rhythm of how token-governed protocols evolve, for better or worse.