According to ChainCatcher, the Virtuals Protocol has announced the launch of the governance portal feature, allowing wallets holding at least 0.1% veVIRTUAL to create proposals. After proposal submission, there will be a 72-hour discussion window during which voting is disabled.
After the window closes, the protocol will take a snapshot of all veVIRTUAL balances, locking in the voting rights of each wallet. Voting lasts for 72 hours, and Virgens can vote 'For' or 'Against' on-chain. At least 25% of veVIRTUAL members must participate for the voting results to be valid.