Interactions and Outcomes

Interactions and Outcomes

TELx Improvement Proposal (TELxIP) Process

The process used by the TELx Council to govern TELx operational rules and improvements.

TELxIP: Overview

The following section describes the process used by the TELx Council, the TELxIP, to set, enforce, and refine TELx operational rules.

TELxIP Proposal Authors
TELxIP: Voters
TELxIP: Implementation units

TELx Governance System: Attributes

TELx Council

Role: Governance and management

The TELx Council is the local governance organization with authority to set, enforce, and refine the rules for interacting with TELx using the TELxIP process, and they are responsible for providing improvements and for allocating TEL within TELx to be harvested by liquidity miners according to those rules.

TELxIP: Authority and Decision-making Rules

CouncilsRepresentationProcess, Domain of AuthorityDecision-making Rules



TELx Council		TELx Council
· Members: 6
· Representation:
Stakers: 1 rep
Developers: 1 reps
Liquidity Miners: 3 reps
Validators: 1 rep
TELx Improvement Proposal (TELxIP)

TELx operational rules including allocation, harvesting, planning and financing, information, communication.		Proposal Authority: TELx Council, TAO

Approval: 5 out of 6
Quorum: 100%
Duration: 120 hours
Channel: telxcouncil.eth
TELxIP: Authority Rules
TELx Harvesting Rules

TELxIP: Process

  • TELxIP Forum Proposal: Forum members submit a proposal to TELxIP channel on the Telcoin forum.
  • TELx Council Proposal: A TELx Council, Telcoin Association Operations UAB (TAO) member, or other designated author on the TELx Council snapshot page decides to submit the proposal to the TELx Council Snapshot for voting.
  • TELx Council Vote: The TELx Council must vote with 5/6 approval within 120 hours (5 days) from snapshot proposal submission, or else the proposal will not pass.
    • Approval Rate: 5/6
    • Duration: 120 hours (5 days) If the proposal receives at least 5/6 approval within 5 days of submission, it is affirmed.
  • Compliance Council Veto Proposal: At any point during the TELxIP voting process and within 72 hours after it has been affirmed by the TELx Council, Compliance Council or TAO members may submit a veto proposal to the Compliance Council snapshot using the CCIP process.
  • Compliance Council Vote: The Compliance Council must vote to veto the proposal within 72 hours after it is approved by the TELx Council, or else the proposal will be approved.
    • Approval (Veto) Rate: 3/4
    • Duration: 72 hours (3 days)
  • Implementation:
    • Social: The TELx Council either implements the proposal itself or works with the TAO or other third parties to implement the update.
    • TEL Transfers: TEL is transferred from the TELx Safe to the intended address as a result of the affirmation of the proposal.
  • Documentation: The Proposal Author from the TELx Council coordinates with the TAO (or another administrator as determined by the TELx Council) to update Telcoin.org TELxIP documentation.

    • TELxIP: Process

  • Proposal Affirmed: If the proposal is affirmed through the TELxIP process, it will be implemented and documented according to the specification outlined in the proposal.
  • Proposal Rejected: If the proposal is rejected by the TELx Council, the dissenting members must provide a rationale as to (1) why it failed to meet their decision-making criteria and (2) constructive feedback to help modify the proposal to meet the criteria provided in the rationale.
  • Proposal Vetoed: If the proposal is vetoed by the Compliance Council, the dissenting members must provide a rationale as to (1) why it failed to meet their decision-making criteria and (2) constructive feedback to help modify the proposal to meet the criteria provided in the rationale.

    • Outcomes and Feedback

  • Proposal Affirmed: If the proposal is affirmed through the TELxIP process, it will be implemented and documented according to the specification outlined in the proposal.
  • Proposal Rejected: If the proposal is rejected by the TELx Council, the dissenting members must provide a rationale as to (1) why it failed to meet their decision-making criteria and (2) constructive feedback to help modify the proposal to meet the criteria provided in the rationale.
  • Proposal Vetoed: If the proposal is vetoed by the Compliance Council, the dissenting members must provide a rationale as to (1) why it failed to meet their decision-making criteria and (2) constructive feedback to help modify the proposal to meet the criteria provided in the rationale.

    • Evaluative Criteria

    Consistency with Shared Values: Is the proposed improvement consistent with the the Mission, Vision, Values defined in Article 4.1 (a-c) of the Telcoin Association Constitution?
    Feasibility: Technical, Economic, Financial, Legal, Political
    General Performance Indicators: Liquidity, staked liquidity, actors, volume, fees, buy-backs
    Sustainability: Can the quantity of TEL issuance units available to be harvested by Liquidity Miners according to TELx Harvesting Rules sustain at current levels over time?
    Participation: To what extent are (1) the community of local miners and (2) the TELx Council and its members participating in co-production and deliberation processes?
    Economic Efficiency: How economically efficient is the proposed improvement as measured by the magnitude of the change in the flow of net benefits associated with an allocation or reallocation of resources?
    Legitimacy: Do miners view the deliberation process undertaken by the TELx Council related to a particular TELxIP as legitimate?
    Proportional Equivalence: Are TELx harvesting rules suitable to TELx Network conditions? Are the benefits obtained by TELx miners proportional to the amount of inputs required in the form of labor, material, or money?
    Accountability: Are the TELx Council and its members accountable to Miner Groups concerning the policies and rules they choose?