RFC: Governance/Reduce Snapshot Voting Period from 10 Days to 5 Days

TITLE

RFC: Governance/Reduce Snapshot Voting Period from 10 Days to 5 Days

OVERVIEW

Proposal Title: Reduce Snapshot Voting Period from 10 Days to 5 Days
Author(s): Cairo Smith
Category: Governance Related Discussions:

DETAILS

Summary:
Propose shortening the Snapshot vote period from 10 to 5 days to improve governance response time and participation.

Link to Transaction Payload PR:
N/A

Motivation:
The current 10-day period slows down decision-making. A 5-day period would make the protocol more agile.

Vision:
Shortening the vote period aims to quicken decisions, potentially raising engagement and making governance more efficient.

Specification:

1. Update governance documents for the new vote period.
2. Adjust Snapshot settings to a 5-day limit.

Benefits (Pros):

• Quicker decisions.
• Higher community engagement.

Downside (Cons):

• Less time for consideration.
• Possible lower turnout.

Overall Cost:
Minimal, focused on documentation and communication.

Timeline:
Implementation immediately following a passing vote.

VOTING OPTIONS

Abstain: Neutral stance contributing to quorum.

No: Opposes reducing the vote period, favoring the current 10-day span.

Yes: Supports reducing the voting period to 5 days for faster governance.