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BancorBancorby0xc26892F608B3E97A24149F9C273449416e222060definavigator.eth

Proposal: Update mandatory community review time requirements on proposals from a minimum of 2 days to 4 days

Voting ended over 3 years agoSucceeded

This proposal is seeking to update the mandatory community review time on proposals from 2 days to 4 days.

From https://gov.bancor.network/t/a-guide-to-bancordao-due-process/1669 we have the following guidelines:

Mandatory Community Review Time

Before the proposal can be moved to Snapshot for voting, the proposal must be available for review by the community for at least 2 days 4 days; however, 3 days is standard. Therefore, the proposal should include a planned time and date for the vote to begin, and cannot be sooner than 2 days 4 days from the time of its publication. This is mandated by DAO policy, introduced by BIP3 :

BIP documentation must be available with sufficient time for consideration by a reasonable and intelligent person. Time sufficiency is commensurate with the complexity of proposal. Minor adjustments to the protocol parameters, required for maintaining the health of the system, are prioritized over time for community deliberation. Similarly, urgent matters requiring immediate action can expedite the sufficient time requirement. Any other proposal that is not of imminent importance to the continuity of the project is not exempted. Low-to-moderate levels of complexity must allow 2-3 days 4 days for community engagement before voting commences; moderate-to-high levels of complexity must allow 3-5 days 4-6 for community engagement before voting commences.

Edits are made in line as to what will change. This will update the existing guidelines that were set forth in BIP 3 (https://gov.bancor.network/t/bip3-governance-changes-bip-documentation-requirements-and-new-majority-and-quorum-rules/97)

For illustration:

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For: Update the mandatory community review time requirements from 2 days to 4 days Against: Keep the existing mandatory community review time requirements

Off-Chain Vote

For
1.11M vBNT35.7%
Against
0 vBNT0%
Abstain
2M vBNT64.3%
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Discussion

BancorProposal: Update mandatory community review time requirements on proposals from a minimum of 2 days to 4 days

Timeline

Sep 11, 2022Proposal created
Sep 11, 2022Proposal vote started
Sep 14, 2022Proposal vote ended
Oct 26, 2023Proposal updated