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RugDAORugDAOby0xc5F59709974262c4AFacc5386287820bDBC7eB3Afarokh.eth

Voting Governance Framework Amendment

Voting ended over 3 years agoSucceeded

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

Approve
544.36 RDAO99.9%
Reject
0.69 RDAO0.1%
Download mobile app to vote

Timeline

Aug 31, 2022Proposal created
Aug 31, 2022Proposal vote started
Sep 01, 2022Proposal vote ended
Oct 26, 2023Proposal updated