All PIP Drafts should adhere to the rules outlined below
Note: The list below is a living document at this early stage. The Council plans to refine and extend it as they review the various PIP Drafts.
1. Formatting
A PIP should include all nine sections outlined inCreating a Proposal, as well as additional phase requirements for each phase if it is a Comprehensive PIP.
2. Dependencies
A PIP draft cannot rely on another PIP that has not yet been approved through the legislative process.
Note: You can start the ideation of two PIPs—one of which relies on the other—simultaneously. However, you can not move both to the draft stage at the same time.
3. Referencing Parties
All parties mentioned in a PIP must be clearly identified as individuals, groups of individuals, DAOs, or registered organizations.
Any parties assigned roles in a PIP must consent to their responsibilities within the proposal.
4. Recurring Payments
PIPs proposing recurring payments from the treasury or the ecosystem fund must have a clearly defined term of no more than 1 year. To continue funding beyond one year, a new follow-up PIP must be submitted and approved through the governance process.
5. Proposals requiring funding exceeding the Ecosystem Fund
At this early stage, only PIPs under the Ecosystem Fund will be eligible for funding. Any proposal exceeding this amount must be formatted with the Comprehensive PIP format rules.
6. Ecosystem Fund Payment Structure
PIPs requesting Ecosystem Fund financing must structure payments around verifiable milestones or completion:
Single milestone: Payment is released only upon project completion
Multiple milestones: Minimum of three milestones required for any upfront payment
Upfront payment cap: Maximum 25% of total funding (flexibility granted case-by-case)
Milestone spacing: At least one month between payment milestones
Timeline requirements: Section 7 must specify deliverables, payment amounts, verification criteria, and payment dates for each milestone
