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[BIP-20] Reduce Governance Time

Voting ended over 3 years agoSucceeded

This simple proposal by Jester aims to reduce the time concepts must take to reach voting.

The current requirement for a concept to reach voting is 21 days

  • Concepts must remain for 7 days and then be moved by staff after satisfying other requirements.
  • BIP must remain for 7 days and then be moved by staff to snapshot.
  • Votes must remain in the snapshot for 7 days.

To change that, I propose the following changes to the BIP process.

  • Keep Concepts minimum to 7 days
  • Reduce BIPs minimum to 3 days
  • Keep voting periods the same at 7 days minimum.

This will reduce the overall time required for a proposal from 21 days to 17.

The reasoning behind reducing the time required for BIPs is that they are required to meet criteria and format before moving onto BIPs, BIPs usually already meet requirements and do not have many changes to have made.

Reducing the time for voting too much is undesired as it gives less time for people to vote on an issue that being said if a proposer wanted a vote to stay longer than 7 days they are allowed to request such.

Off-Chain Vote

Approve BIP-20
11.85B BAO100%
Deny BIP-20
0 BAO0%
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Discussion

baovotes.eth [BIP-20] Reduce Governance Time

Timeline

Sep 25, 2022Proposal created
Sep 25, 2022Proposal vote started
Oct 02, 2022Proposal vote ended
Oct 26, 2023Proposal updated