SDGP #12 : Reduce Stake DAO on-chain governance quorum to 10%
Summary : This proposal aims to reduce the quorum for Stake DAO on-chain votes to 10%.
Rationale:
Stake DAO on-chain governance allows users who hold 2,500 veSDT to propose any Stake DAO strategy to the SDT gauge controller. Users who hold veSDT can then use their voting power to exercise their votes on these user-proposed votes to add SDT rewards to new strategies.
So far, we have seen votes struggling to reach the 20% quorum, which lead to users not trying anymore to push gauge votes. To ensure a more efficient decentralisation of the protocole, and that the on-chain governance doesn’t represent a blocker for Stake DAO’s development, we propose reducing the current quorum to 10%.
Means: Resources needed for this proposal Human resources: Limited work (passing a transaction to modify quorum)
Technical implementation: Admin: veSDT holders Community feedback: 2 days minimum Voting Duration: 5 days
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xD8de...f224f6 | 49,212 | Yes, reduce on-chain governance |
 0x37B1...c85724 | 24,600 | Yes, reduce on-chain governance |
 0xb957...d8a403 | 11,763 | Yes, reduce on-chain governance |
 0x3Ac8...4bAdae | 6,827 | Yes, reduce on-chain governance |
 0xC258...469128 | 4,677 | Yes, reduce on-chain governance |
VOTE POWER
Proposal Status
- Wed December 07 2022, 10:51 amVoting Period Starts
- Mon December 12 2022, 06:00 amEnd Voting Period
Current Results
1-Yes, reduce on-chain governance
117,716.427