[GP-2] Addressing Urgency: Unveiling the Fast-Track Procedure

Summary

This proposal aims to address procedural gaps by introducing a ‘fast-track procedure’ for the DAO to promptly respond to high priority items. These measures aim to enhance the DAO’s agility and security protocols.

Context and Motivation

The recently approved “Formalizing Governance Processes for Seamless Protocol” has been pivotal in addressing lacunae within our ordinary governance structure. However, it has become increasingly apparent that there are occasions when the DAO must react swiftly and cannot afford the luxury of spending 15+ days navigating the usual process.

A prime example that underscores this necessity is the Seamless Protocol Platform Rewards Refresh. It was evident that adhering strictly to the conventional process would jeopardize the sustainability of our protocol. Thus, the DAO found itself compelled to deviate from the norm in order to preserve the integrity and functionality of the platform.

During the approval process for this critical initiative, the DAO acknowledged the pressing need for a responsive mechanism capable of addressing urgent issues in real-time. As a result, the DAO is now committed to developing a clear, efficient, and transparent procedure specifically designed for handling emergency situations. This new approach, aptly termed the ‘fast-track procedure,’ seeks to streamline decision-making processes during times of urgency, ensuring the agility and adaptability of our governance framework.

In essence, the introduction of the fast-track procedure represents a proactive step towards fortifying our governance infrastructure and empowering the DAO to effectively navigate unforeseen challenges as they arise.

Specifications

We currently suggest two ways to initiate the fast track process:

Scenario 1: Initiating Fast Track at the beginning of the governance process

The fast-track proposal is slated for an on-chain vote just 24 hours after its publication on Discourse. For a proposal to qualify for this expedited on-chain vote, it must garner explicit support from a minimum of 4 out of 5 current Trust Level 2 users. As the number of Discourse Trust Level 2 users continues to grow, the following majority schemes shall apply: 5 out of 6/7, and 6 out of 8/9. Once the count of Trust Level 2 users reaches 10+, an absolute majority among Trust Level 2 users becomes necessary, ensuring that at least 50% of all badge holders have participated in the voting process. This support is required to be clearly expressed as a comment on the proposal in the Discourse forum, and a qualified majority is essential for the proposal to proceed.

Scenario 2: Initiating Fast Track AFTER the normal governance process has begun

A fast-track proposal (i.e. onchain governance proposal vote) can be initiated at anytime after the normal governance process has begun, if either of the following conditions have been met:

• Condition 1: The conditions from Scenario 1 are met; OR
• Condition 2: >50% of total delegated voting power has voted “YES” on the snapshot labs temperate check AND the proposer notifies the community via Discourse and Discord that the condition is met and a fast track process is being engaged. This would mean the vote can already move to an onchain governance proposal, regardless of the remaining time of the Snapshot Labs vote, since a majority quorum was met. Delegated voting power can be viewed here.