Reduce the VP threshold required for Governance Proposal

by 0x8218a2445679e38f358e42f88fe2125c98440d59 (Noob)

Linked Pre-Proposal

Should the VP threshold for governance proposal be reduced?

Summary

To reduce the VP threshold from the current 6m VP to 5m VP.

Abstract

DAO participation is currently low. Previous few governance proposals passed with the help of Esteban's VP. Lowering the VP threshold needed to pass a governance proposal by 20% (from 6m-5m VP) will reflect the lower participation.

Motivation

DAO participation has been trending down for various possible reasons- low crypto prices, the introduction of the new DAO structure, metaverse trends decline.

In order to ensure that the DAO can still pass proposals that involve the governance process, we have to reflect the reduced participation in the amount of VP needed to pass it. This also ensures that members of the community do not feel disheartened to raise potential issues and provide a solution, knowing that it stands a chance in passing governance.

This will not, in any way, affect the outcome of decisions made as it still requires a positive consensus via voting.

Specification

Reduce required VP threshold for 'Governance Proposal' from the existing 6M VP to 5M VP.

Conclusion

The DAO has seen its ups and downs over the years. But one thing is for sure, we've always adapted to the constant changes in the dynamics of DAO. This change will reflect that.

If and when the time comes, when participation starts picking up again, we can consider increasing the VP threshold to reflect such sentiment.

This proposal is summarized due to technical limitations. To view it complete and vote on it, visit the DCL DAO Governance dApp