# Creating a Bancor Improvement Proposal (BIP)

Below is a simple guide explaining how to create a Bancor Improvement Proposal:

1\. **Publish Proposal**: Anyone can publish a proposal on the Bancor governance forum at gov.bancor.network.

2\. **Discussion Period**: DAO proposal is up for discussion for a minimum of 3 days.

3\. **Voting Period**: After the discussion period has passed, the proposal can be put up on [Snapshot](https://vote.bancor.network) by any DAO member with a minimum of 25k vote power. This generally occurs around Sunday, 5pm GMT with voting period lasting 3 days.

4\. **Voting concludes**: Proposal passes as long as it meets the minimum quorum and FOR votes.

<figure><img src="https://2740266393-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FyrOMQvtpp4gARdewefVZ%2Fuploads%2Flral1neiY8LA8lbyPjDK%2FProposal%20Quorum%202.png?alt=media&#x26;token=87fb1527-2649-4580-8879-39b4aee6ca85" alt=""><figcaption><p>Bancor DAO Quorum and Supermajority Requirements </p></figcaption></figure>

5\. **Final steps**: Proposal is moved to the Archive Category on gov.bancor.network. If it passes, the corresponding tasks are added to the Bancor pipeline for implementation.<br>