berachain-governance-proposal

Berachain Governance Proposal Script

This project is a script to create, manage, and execute governance proposals for creating a Rewards Vault on Berachain.

Setup and Initial Configuration

1. Clone the repository and install dependencies:

   npm install

2. Create a .env file in the project root with the following content:

   RPC=https://bepolia.rpc.berachain.com/
   PRIVATE_KEY=your_private_key_here
   FACTORY_ADDRESS=0x2B6e40f65D82A0cB98795bC7587a71bfa49fBB2B
   LP_TOKEN_ADDRESS=your_lp_token_address_from_bepolia
   GOVERNANCE_ADDRESS=0xE3EDa03401Cf32010a9A9967DaBAEe47ed0E1a0b
   BERACHEF_ADDRESS=0xfb81E39E3970076ab2693fA5C45A07Cc724C93c2
   BGT_ADDRESS=0xbDa130737BDd9618301681329bF2e46A016ff9Ad
   

3. Replace your_private_key_here with your actual private key.

4. Replace your_lp_token_address_from_bepolia with your LP token address from Bepolia.

Step-by-Step Guide

1. Create Rewards Vault

Run:

node governance.js --create-vault

This will create or retrieve your Rewards Vault.

2. Create Governance Proposal

Run:

node governance.js --create-proposal

This creates a new governance proposal to whitelist your Rewards Vault.

After running this command, update your .env file with the new PROPOSAL_ID:

PROPOSAL_ID=your_new_proposal_id

3. Monitor Proposal Progress

Use this command to check the current state of your proposal:

node governance.js --check-state

The proposal goes through the following stages:

• Pending: 3 hours
• Active (Voting): 3 hours
• Queued: 3 hours
• Ready for Execution

4. Vote on the Proposal

Once the proposal is in the Active state, cast your vote:

node governance.js --vote

5. Execute the Proposal

After the queuing period, execute the proposal:

node governance.js --execute

Additional Commands

Cancel a Proposal

If needed, you can cancel a proposal in the Pending state:

node governance.js --cancel

Important Notes

• The entire process from proposal creation to execution takes approximately 9 hours.
• Remember to update your .env file with the PROPOSAL_ID after creating a new proposal.
• Use the --check-state command frequently to monitor your proposal's progress.
• Ensure you have sufficient BGT tokens and voting power before creating a proposal(1000 to create a proposal, 2B to get a vote through).

For any issues or questions, please refer to the Governance tutorial or the Berachain team on discord.