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Element DAOElement DAOby0xD0B10449753930dD130E9275c03cfE4DE1cfc7F60xD0B1…c7F6

EGP-2 - Increase GSC quorum threshold

Voting ended almost 4 years agoSucceeded

Authors: @Gregory | ChainSafe Type: Executable Proposal Status: Snapshot Vote Date proposed: April 28th, 2022 Date ratified: References

You can find the code snippet [here](https://gist.github.com/GregTheGreek/92d744c34dfe903fc69d3edd16c106af) 

Sentence Summary

Increase the current GSC quroum threshold to 3.

Paragraph Summary

This proposal exist to increase the quorum threshold on the GSC from one to three.

Motivation

With great power comes great responsibility.

As of today (April 28, 2022) there has only been one delegate (myself) who has proven their membership to the GSC on-chain. In roughly five days I will be able to pass votes by myself with no further approval because the current quroum threshold on the GSC is one. I believe that no one person should be able to govern the GSC by themselves, and thus I am proposing to effectively lock the GSC until two other delegates join the GSC. Three was chosen as a starting point for one reason, to break a tie. As more delegates join, I'm sure this value will gradually increase but for the time being, a threshold of three will be adequate to ensure some level of participation.

Specification / Proposal Details

Option A [YES] is a vote to increase the quroum threshold to three.
Option B [NO] is a vote to do nothing. 

Off-Chain Vote

Increase GSC Quorum
1.67M ELFI81.9%
Take No Action
367.25K ELFI18.1%
Quorum:185%
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Timeline

May 27, 2022Proposal created
May 30, 2022Proposal vote started
Jun 04, 2022Proposal vote ended
Oct 26, 2023Proposal updated