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Tally & Execution

Tally Rules​

On BeginBlock after expiry_height, the plugin tallies votes:

Quorum​

yes + no + abstain ≥ quorum_bps × snapshot_total_staked / 10000

Default: 33% of snapshot total staked CPLQ must participate.

Pass Threshold​

yes ≥ pass_threshold_bps × (yes + no) / 10000

Default: 50%+1 of participating votes (excluding abstentions) must be yes.

Execution​

Param Change​

Updated CanoliqParams take effect immediately and are observed by the next ProcessRewards sweep.

Buyback​

Writes a self-contained BuybackOrder record. Subsequent MessageBuybackExecute triggers the buyback:

  • BURN: Decrements cplq_total_supply and cplq_circulating_supply; CNPY moves to treasury
  • DISTRIBUTE_STAKERS: Pro-rata credits all active CPLQ stakers' liquid balances

Idempotency via BuybackOrder.executed flag — re-execution is a no-op.

Treasury Spend​

Writes a TreasurySpend record with:

  • executable_height: Current height + timelock_blocks (if above threshold)
  • requires_multisig: True if amount exceeds treasury_threshold

Above-threshold gating requires:

  1. current_height >= executable_height (timelock elapsed)
  2. count(approvals) >= multisig_threshold from current signer set
note

Tally cleanup deletes the proposal record but not its votes. Stale vote keys are inert and cheap.