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Increase Governance Quorum and Submit Proposal Requirements

Executed
#065 - mills ERA

Created Sep 27th, 2022 - Executed Oct 3rd, 2022

Details

avatar

Edo

Forum Link: https://forum.inverse.finance/t/increase-governance-quorum-and-submit-proposal-requirements/150

The DAO will soon be voting on a proposal to increase circulating supply titled: Q4 2022 INV Token Mint and Allowance Refresh. This change in supply warrants an updated governance quorum and submit proposal requirements to respectively reflect 5% circulating supply (9,500 votes) and 1% circulating supply (1,900 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 20 proposals receiving over 9500 for votes. The DAO has an active core group of delegates to submit proposals on chain, as well as a proposer whitelist of incentivized team members.

Actions

Action 1
«
Set Proposal Submit Threshold to

1,900

»
GovMills
.updateProposalThreshold(

1900000000000000000000

)

Action 2
«
Set Proposal Success Quorum to

9,500

»
GovMills
.updateProposalQuorum(

9500000000000000000000

)

Proof of Reviews

Members allowed to make Drafts can sign the fact that they reviewed the Draft Proposal

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For Votes

7 voters

17.64k votes

avatar

0x759a...f430

12.24k

avatar

CryptoHarry

3.92k

avatar

adamQ

895.66

avatar

0x942f...68b5

264.70

avatar

0x5e27...84c9

253.72

View All

Against Votes

1 voters

251.54 votes

avatar

0x5bf2...ff24

251.54

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