We have identified a fundamental flaw in the Voting Governance Framework. Given that we have such a limited distribution of $RDAO tokens (2495 and 2248 at the moment of our Snapshot), there are not enough to have a fair voting structure. We are therefore proposing this amendment that allows our voting structure to scale with the distribution of $RDAO.
Until there are more than 6000 $RDAO total in holder wallets, the following scale will apply:
0-1500 $RDAO = Quorum of 40% 1500-3000 $RDAO = Quorum 45% 3000-4500 $RDAO = Quorum 50% 4500-6000 $RDAO = Quorum 55% 6000+ $RDAO = Fully scaled Quorum of 60%
This proposal will carry no quorum requirements and will pass on a simple majority vote in $RDAO. An 18 hour voting window will apply.
We appreciate the support, the participation and the understanding from everyone as we grow and breach some of these early lessons and growing pains!
- Rug Radio Core Team
Off-Chain Vote
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- Author
farokh.eth
- IPFS#bafkreih
- Voting Systemquadratic
- Start DateAug 31, 2022
- End DateSep 01, 2022
- Total Votes Cast545.05 RDAO
- Total Voters57
Timeline
- Aug 31, 2022Proposal created
- Aug 31, 2022Proposal vote started
- Sep 01, 2022Proposal vote ended
- Oct 26, 2023Proposal updated