[BIP-58] Increase Snapshot Quorum
Motivation
Quorum is designed to ensure that there is a broad representation of the community voting their opinion for a given proposal. @solarcurve handles much of the governance work and obviously puts forth a ton of effort to keep things moving. As the person posting the votes, he also is often the first person to vote on each one. He currently has more that enough voting power to put every proposal over quorum, making the quorum effectively useless.
Proposal
Increase the quorum sufficiently high that this is not the case. Open to discussion. Double it?
Disclaimer
All opinions my own.
PS
Fwiw I generally trust @solarcurve, I just think the quorum is useless in the current state of things so it should be updated
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2ad5...58b7FD | 688,828 | Increase quorum to 2M veBAL |
 0x512f...C0f5F3 | 363,434 | Increase quorum to 500k veBAL |
 Llama | 95,864 | Increase quorum to 500k veBAL |
 0xB1f8...df931d | 90,259 | Increase quorum to 2M veBAL |
 0x64ca...Aef864 | 76,575 | Increase quorum to 2M veBAL |
VOTE POWER
Proposal Status
- Thu September 01 2022, 05:30 pmVoting Period Starts
- Sun September 04 2022, 05:30 pmEnd Voting Period
Current Results
1-Increase quorum to 2M veBAL
862,040.248
2-Increase quorum to 500k veBAL
817,288.041
3-Increase quorum to 1.5M veBAL
11,600.977