# 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="/files/9GH2TG1Q8fSNmYcKAG2x" 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>


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