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Increase Governance Quorum and Submit Proposal Requirements

Executed
#034 - mills ERA

Created May 13th, 2022 - Executed May 24th, 2022

Details

avatar

AlienDev

Recently the DAO has voted in favor of and executed a proposal to increase total supply https://www.inverse.finance/governance/proposals/mills/11. This change in supply warrants an updated governance quorum and submit proposal requirements to respectively reflect 5% total supply (7,000 votes) and 1% total supply (1,400 votes). These thresholds ensure high proposal quality and safeguard the DAO against governance attacks in time’s of weak markets.

Important to note that DAO Governance has consistently shown good health with 18 of the last 19 proposals receiving over 7000 for votes. The DAO has an active core group of delegates to submit proposals on chain, and a newly formed proposer whitelist of incentivized team members.

Actions

Action 1

RAW

«
Set Proposal Success Quorum to

7,000

»
GovMills
.updateProposalQuorum(

7000000000000000000000

)

Action 2

RAW

«
Set Proposal Submit Threshold to

1,400

»
GovMills
.updateProposalThreshold(

1400000000000000000000

)

Proof of Reviews

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For Votes

7 voters

13.36k votes

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0x759a...f430

5.06k

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PatB

3.08k

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CryptoHarry

2.95k

avatar

0x2cba...2dfd

1.92k

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0x5e27...84c9

151.93

View All

Against Votes

0 voters

0.00 votes

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