Vote 32: Lower Snapshot Quorum to 250k vesting GRO

Summary

This proposal suggests lowering the off-chain Snapshot proposal quorum from 350,000 vesting GRO (~1% of current GRO supply) to vesting 250,000 GRO (~0.65% of current current GRO supply), to allow proposals to pass more easily and avoid governance paralysis. The lowered quorum can be changed again via a governance proposal in the future (ideally once Gro DAO governance becomes more decentralised and robust).

See GRFC: Lower the off-chain Snapshot proposal quorum to 250,000 vesting GRO for full details.

Voting Options

This proposal only relates to the off-chain governance process, specifically the proposal quorum threshold on Gro DAO’s Snapshot. Voting options are as follows:

FOR - Lower the Snapshot quorum to 250,000 vesting GRO AGAINST - Do not lower the Snapshot quorum ABSTAIN - No opinion on this proposal

Rationale

• Reaching the recently-increased off-chain quorum (as per Vote 26) on Snapshot (350,000 vesting GRO, ~1% of current GRO supply) has presented a challenge.
• Prior to Vote 26, the Snapshot quorum had been set at 50,000 GRO. This increase was based on the current GRO supply (vesting, vested and liquid) and extensive research into off-chain voting in other DAOs.
• However, as demonstrated in Vote 31, reaching this higher threshold has not always been successful due to current participation rates, so a lower off-chain quorum for the time being may be necessary.
• This proposal will lower the off-chain Snapshot quorum in an attempt to help proposals to pass more easily, with less dependence on large vesting GRO holders to participate. It will allow the Gro DAO to operate more quickly and efficiently as it continues its transition towards more decentralisation.

Implementation

• If Vote 32 is approved, the Snapshot quorum can be lowered immediately.
• This off-chain quorum lowering is indefinite and can be adjusted back up anytime if the DAO votes to do so.

Pros

• Quicker governance
• Amplifies the influence of DAO contributors on governance

Cons

• Risk of governance attacks is greater with a lower quorum. However, off-chain votes are technically non-binding so the risk is lower than in on-chain voting.

Next Steps & Timeline

• Vote 32 will run for 5 days on a simple majority basis.
• If Vote 32 is passed, the Snapshot quorum will be changed from 350,000 vesting GRO to 250,000 vesting GRO.