Background

Following on from https://forum.balancer.fi/t/bip-163-restructure-governance-process-disband-governance-council/4244, which laid out a clear process for all stages of governance.

This RFC is based on changes made by BIP-300 and the AIP resulting from this AURA Temperature Check changed the way that voting works such that 100% of AURA's vlAURA is always registered as either (yes, no or abstian). With 3+ million vlAURA locked, this means that the current quorum of 2 million votes will never fail to be met. Quroum has been rendered meaningless.

These changes are being made to restore the Quorum while making minimal changes to the intended voting dynamic.

Yes Based Quorum

This BIP proposes quorum is moved from counting total votes, to requiring a minimum number of Yes votes as well as a majority of Yes votes for governance to pass. As the current quorum is 2 million votes, a new Quorum of 1 million Yes(affirmiative) votes should have the same intended effect, without large wrapper abstaination resulting in the passage BIPs that do not have a quorum of supporting interest.

Specification

Going forward the votes counted towards Quorum will be determined by adding the total number of affirmitive votes. The quorum will changed from 2 million votes in any direction, to 1 million Yes votes.