HGP-10 [GC] - Remove the 4 days pending period for PRPs

Summary

• Change the current PRP voting period from 4 days pending, 3 days for voting, to 7 days open for voting.
• Once a PRP is created, no changes will be allowed to the respective Pull Request. If changes are made after the PRP creation date, the proposal will be considered invalid.

Category

Governance Changes

Description

Currently, PRPs have a voting period of 7 days, divided by the following periods after it’s creation:

• 4 days pending - Period of time to allow the community to review the Pull Request attached to the PRP
• 3 days open voting - Period where no more changes should be made to the Pull Requests

When this system was conceptualized, the expectation was that during the 4 days where the proposal was pending, the Hummingbot community would have enough time to review the Pull Request, and the developer would make any change needed before the voting was opened.

As PRPs started to be created, some of them didn’t reached the needed quorum to be approved, altough the majority of votes approved the PRP.

Since some proposals have reached the minimum quorum required for approved, it is possible that having only 3 days to cast votes might be a very small window for the community to pay close attention to check when PRPs are open for voting.

To increase the time window where the votes will be cast, reducing the amount of time a community member would have to look into the PRP Snapshot page, therefore increase the amount of participation on the governance process, we propose:

• Reduce the 4 days Pending time;
• Increase the voting period to 7 days
• Add the Governance rule: A PRP will be considered invalid if the respective Pull Request is changed after it’s creation)

Related Discussions

https://commonwealth.im/hummingbot-foundation/discussion/3808-proposal-draft-gc-remove-4-days-pending-period-for-prps