1inch

Author: @DAOplomats.eth

#Simple Summary

This proposal aims to add an “Abstain” option in the 1inch DAO governance process, allowing members to abstain from voting.

#Abstract

This proposal aims to add Adding the abstain option, in addition to “Yes” and “No”, allowing voters and delegates to participate in voting without having to take a side.

Motivation

The current governance process of the 1inch DAO only allows members to vote Yes or No on proposals. This system can be limiting as it does not allow members to express their opinions accurately, particularly if they are unsure of the consequences of a proposal or do not have enough information to make a decision. Adding an Abstain option to the voting process will allow members to express their views more accurately and increase the overall transparency of the governance process.

Specification

Under the current governance process, the voting options are limited to ‘Yes’ or ‘No’

If this proposal is successfully implemented, the following changes will be reflected.

Proposed Changes

|| During this period, addresses with voting power may vote for, against or abstain from voting on the proposal using the same three voting options as the Phase-3 poll:

• (Yes) In favour of this proposal.

• (No) Against this proposal.||

• (Abstain) Neither In favour nor Against

The Abstain Button is expected to be used in the following cases

Neutrality: The Abstain option allows members to remain neutral on a proposal and not take a stance, which can be useful when members are unsure of the proposal's consequences or do not have enough information to decide
Higher Conflict of interest:  As part of proposal hygiene, Authors of the proposals tend to abstain from voting on their proposals even though they act in the best interest of the DAO. Furthermore, Voters tend to abstain from voting if there is a high conflict of interests as a voter and the proposed implications. 
 Insufficient information: In case a proposal is moved to snapshot with insufficient information or data, a voter can choose to abstain, thus signalling their unwillingness to decide without further information or discussion

The proposed changes will impact any existing quorums or the requirement to pass a proposal.

Rationale

This proposal aims to encourage members to participate in the voting process, which may have otherwise not participated due to a lack of clear stance on a proposal.

Considerations

There are no security implications with this proposal.

Once passed, the 1IPs should include ‘Abstain’ as a voting option

The Governance Doc of 1inch DAO should be updated through a GitHub pull request to update the changes