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Epoch Island: Sentiment CheckEpoch Island: Sentiment Checkby0x545851dB878e4a6BC684Fb000Ac04f463562B13f0x5458…B13f

What should the “quorum” value be set to for Epoch proposals, as a % relative to total vEPOCH supply?

Voting ended over 2 years agoSucceeded

For reference, the vEPOCH contract to view total supply and holder balances: https://etherscan.io/token/0x731a2572b1cf56cfb804c74555715c8c8b5e980b#balances

For reference, the active quorum value can be seen here: https://snapshot.org/#/epochisland.eth/settings Which is currently 150mil , or around 15% of the vEPOCH supply. This was set intentionally high to begin with for added security.

A few examples of other protocols voting quorum values:

Uniswap requires 4% quorum https://docs.uniswap.org/concepts/governance/guide-to-voting

Gnosis requires 4% quorum https://docs.gnosischain.com/bridges/governance/

An example of the outcome of this sentiment check applied to a follow up proposal: If this proposal's outcome was a decision of 5%, and the current vEPOCH supply is exactly 1billion tokens, then a follow up proposal would ask to change the quorum to be 50mil.

As the vEPOCH supply changes over time, new proposals can be made over time to adjust the exact quorum value. This sentiment check answer will help determine what to set those values to.

Off-Chain Vote

No Quorum
0 vEPOCH0%
1%
0 vEPOCH0%
2%
0 vEPOCH0%
3%
0 vEPOCH0%
4%
174.14M vEPOCH38.9%
5%
263.42M vEPOCH58.9%
6%
0 vEPOCH0%
7%
0 vEPOCH0%
8%
4.33M vEPOCH1%
Higher: Do new sentiment check
5.37M vEPOCH1.2%
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Discussion

Epoch Island: Sentiment CheckWhat should the “quorum” value be set to for Epoch proposals, as a % relative to total vEPOCH supply?

Timeline

Dec 01, 2023Proposal created
Dec 01, 2023Proposal vote started
Dec 04, 2023Proposal vote ended
Dec 04, 2023Proposal updated