A proposal to update the framework that makes off-chain polls eligible for on-chain vote broadcasting on behalf of stkIDLE holders.
A broader overview of the topic can be found on Idle Governance (link below to the discussion).
Currently, the thresholds to make the off-chain stkIDLE poll valid (both metrics should be reached) are:
Recently, IIP-24 hasn’t been executed on-chain also due to the missing stkIDLE votes needed to reach the quorum. This proposal’s failure wasn’t due to poor voting engagement, as a matter of fact almost 700k $IDLE votes were registered in favour of the IIP, but instead was caused by the missing stkIDLE votes on-chain.
With this recent vote in mind, we would like to propose a decrease in the quorum threshold:
The 70% consensus condition would stay untouched.
This change should remove a possible barrier to broadcast future stkIDLE votes on-chain while maintaining a good security balance and shielding the governance from malicious votes.