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Stake DAO BALStake DAO BALby0x40938d09b4A2a40b6538F7a8F77fC1971F8cEF540x4093…EF54

[BIP-58] Increase Snapshot Quorum

Voting ended over 3 years agoSucceeded

Motivation

Quorum is designed to ensure that there is a broad representation of the community voting their opinion for a given proposal. @solarcurve handles much of the governance work and obviously puts forth a ton of effort to keep things moving. As the person posting the votes, he also is often the first person to vote on each one. He currently has more that enough voting power to put every proposal over quorum, making the quorum effectively useless.

Proposal

Increase the quorum sufficiently high that this is not the case. Open to discussion. Double it?

Disclaimer

All opinions my own.

PS

Fwiw I generally trust @solarcurve, I just think the quorum is useless in the current state of things so it should be updated

Off-Chain Vote

Do not increase quorum
0 sdBAL0%
Increase quorum to 500k veBAL
146.82 sdBAL100%
Increase quorum to 1M veBAL
0 sdBAL0%
Increase quorum to 1.5M veBAL
0 sdBAL0%
Increase quorum to 2M veBAL
0 sdBAL0%
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Timeline

Sep 01, 2022Proposal created
Sep 01, 2022Proposal vote started
Sep 02, 2022Proposal vote ended
Oct 26, 2023Proposal updated