PSP-IPΔ33 : Governance framework and parameters adjustments
PSP-IPΔ33: Governance framework and parameters adjustments
Keywords
Governance Parameters
Simple Summary
Updating governance processes in line with developments in the DAO. The updates:
- Proposal framework changes (simpler, avoid redundancies)
- Proposal name update (PIP-XX and PEP-XX)
- Information “Temps check” on governance forum and discord at least 48h before submitting a snapshot proposal (for PIP only)
- Fixed date to create a snapshot, as close to Tuesdays as possible (for PIP only)
- Increase minimum to 100K voting power to create a snapshot proposal.
- Increase Quorum to 25M voting power (voting power takes account for the x2.5 boost of sePSP2).
Context
PSP-IPΔ4 and PSP-IPΔ6 established the first frameworks for the functioning of the ParaSwap DAO governance process.
With the arrival of Social Escrow and sePSP, the PSP-IPΔ22 - PSP 2.0 - Revised Voting Edition 1 updated partially this process by changing the tokens considered for voting power, their weights as well as the vote weights to make it compatible with the new system.
An initial assessment of the situation seems to make it necessary to update some of these parameters.
Goals
The aim of this proposal is to make the DAO more robust to current attacks on the snapshot, but also more understandable and accessible. The goal is to increase participation and make the DAO community grow.
Means
Update the proposal framework, journey and name - Implementation by Forum manager of the new rules in the governance forum. Increase of the minimal voting power and quorum update - Modification by snapshot manager.
Metrics
No more fake snapshot proposals, without blocking their creation manually. Increased participation in the governance process and voting
Forward-thinking considerations
The topic of delegates seems to be the natural one to follow and will need to be structured in a second proposal. It will also be necessary to monitor and adjust if necessary the parameters of vote creation and quorum.
Implementation overview
Creation and display of the new set of rules and provision of a template for DAO members (Estimated time of implementation: 2 weeks). Snapshot space parameters update (Estimated time of implementation: 1 week).
Voting options
- Apply the governance parameters update
- Do NOT apply the governance parameters update
- Abstain
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 Enerow.eth | 62.218M | Apply gov parameter update |
 0x7494...05DAd6 | 3.045M | Apply gov parameter update |
 0xfA81...8b1Ea1 | 2.109M | Apply gov parameter update |
 0xBen | 1.802M | Apply gov parameter update |
 0x58Fd...76641c | 1.68M | Apply gov parameter update |
VOTE POWER
Proposal Status
- Mon May 22 2023, 10:46 amVoting Period Starts
- Sat May 27 2023, 10:46 amEnd Voting Period
Current Results
1-Apply gov parameter update
78.341M
2-Abstain
55,943.254
3-Do NOT apply update
16,576.181