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Idle DAOIdle DAOby0xe0e6111985A78E99596FE8100c07Ba8a8403060F0xe0e6…060F

Voting framework for stkIDLE holders v2

Voting ended over 3 years agoSucceeded

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:

  • 30% of circulating stkIDLE voting the poll
  • at least 70% on the same option

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:

  • Quorum threshold 30% → 20%

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.

Off-Chain Vote

For
105.13K IDLE100%
Against
0 IDLE0%
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Discussion

Idle DAOVoting framework for stkIDLE holders v2

Timeline

Sep 02, 2022Proposal created
Sep 02, 2022Proposal vote started
Sep 05, 2022Proposal vote ended
Oct 26, 2023Proposal updated