A simplified and layman-accessible explanation of the LRFC.
A short description of the LRFC.
Why the existing system is inadequate to address the problem that the LRFC solves.
The specification should describe the process and structure of the proposal.
Why were particular design decisions made? Describe alternate designs that were considered and related work.
Test cases are required for code-related proposals (i.e. non treasury actions).
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