BIP#75 Enhancing BendDAO Governance with Fast-Track Decision-Making and Committee Oversight

Background

BendDAO governance has recently encountered challenges in achieving quorum for critical proposals, resulting in delays in decision-making and governance stagnation. This situation necessitates a more efficient process to ensure timely responses, particularly during market volatility or situations requiring urgent actions.

Overview

This proposal seeks to introduce a fast-track decision-making mechanism in collaboration with the BendDAO Executive Committee. This mechanism would allow for urgent governance actions to be executed efficiently while maintaining transparency and accountability through committee oversight.

Implementation Plan

Define Urgency Criteria: Establish clear guidelines for what qualifies as an urgent proposal to ensure consistency and fairness.

Update Governance Framework: Integrate the fast-track mechanism into BendDAO’s governance rules, with the Executive Committee responsible for overseeing its execution.

Community Feedback: Open a discussion on this proposal to gather input and address concerns before finalizing the implementation plan.

Voting

Voting Quorum: Approximately 51.8M veBEND (10% of the total supply). Pass Rate: Over 70% approval. The voting will last for 3 days.