Bankless DAO

Author: Governance Department

BDIP SUMMARY

This proposal suggests adopting a formula-based dynamic quorum for bDIPs in order to better adapt to the DAO’s evolving membership and reduce the impact of voter apathy. The quorum threshold will be updated each month by the Governance Department according to the formula stated in this proposal.

BDIP BACKGROUND

Quorum was defined in the Constitution at a time when there were many more active contributors. The challenge with a static threshold is that it is unlikely to reflect the number of active contributors in the DAO at any given time; attention to governance matters can vary significantly between bull and the bear market phases.

BDIP SPECIFICATION

How can we address this challenge?

We can either update thresholds manually via the bDIP process — a large administrative burden — or we can adopt a formula-based approach which can dynamically update thresholds based on current Forum activity.

How will dynamic quorum work?

• The Governance Department will make a Forum post each month setting the Forum quorum requirements based on the below formula. bDIP proposers should refer to the latest available forum update for the appropriate quorum requirement.
• All governance proposals posted in that month will need to meet that quorum threshold to proceed to Snapshot.
• All governance proposals need to insert a link to the Forum quorum post for the relevant month to enable accurate record keeping.

Changes to the governance procedure

This proposal will modify the quorum table in the Constitution as follows:

Governance update	Forum quorum	Approval %	Timeline
Major	30-day Average + (0.2 x 30-day Average)	70%	1 week
Minor	30-day Average	70%	1 week
Patch	30-day Average - (0.2 x 30-day Average)	70%	1 week

The following text shall be added to the Constitution:

• All Forum quorum calculations are rounded to the nearest whole number
• Any poll which has been live for at least 7 days will be used to calculate the quorum threshold.
• If a Forum post includes more than one poll, each poll should be considered a separate datapoint
• 30-day Average formula = Sum of votes / number of independent polls
• The Governance Department is responsible for updating the quorum thresholds at the beginning of each month via a Forum post. bDIP proposers should refer to the latest available forum update for the appropriate quorum requirement

The bDIP proposal template will include the following update:

Insert a link to the quorum threshold for this proposal.

EXPECTED IMPACT

Makes Forum quorum more dynamic and reflective of the latest activity in the DAO.

ANALYTICS

Here is an example of the Forum post that the Governance Department will make:

Quorum Threshold for the month of ‘x’:

Title	Value
Major	50
Minor	41
Patch	33

Calculation:

Date posted	Post title	#votes
02-12-2022	Snapshot voting - Implement Shielded Voting	53
14-12-2022	Weekly rollup recap video series	38
12-12-2022	Purpose Driven Guild Funding	29
06-12-2022	Proposal to re-create the Education Guild Organizational Unit within the DAO	29
25-11-2022	Marketing Department Season 6 - Content Coordinator Re-election	58

NEXT STEPS

• Update Constitution
• Update bDIP Format

WORKING GROUP BACKGROUND

Governance Department