TIPs are the catalyst for change within the Thales protocol. These community submitted proposals can be anything from formalizing the tokenomics of the platform to adding tradable assets to market feeds. There is no central point of decision-making within the platform; proposals are thought up, discussed and vetted by the community until they reach a state of consensus and agreement that a specific change should move forward. Only then can a TIP be submitted to the Council for consideration.
Steps to create a Successful TIP:
The community gives birth to an idea, shapes it, molds it, burnishes it in the fires of discussion.
Once enough support is evident, an author will use the TIP Template to craft the proposal in the correct format.