Voting framework for stkIDLE holders v2
A proposal to update the framework that makes off-chain polls eligible for on-chain vote broadcasting on behalf of stkIDLE holders.
A broader overview of the topic can be found on Idle Governance (link below to the discussion).
Currently, the thresholds to make the off-chain stkIDLE poll valid (both metrics should be reached) are:
- 30% of circulating stkIDLE voting the poll
- at least 70% on the same option
Recently, IIP-24 hasn’t been executed on-chain also due to the missing stkIDLE votes needed to reach the quorum. This proposal’s failure wasn’t due to poor voting engagement, as a matter of fact almost 700k $IDLE votes were registered in favour of the IIP, but instead was caused by the missing stkIDLE votes on-chain.
With this recent vote in mind, we would like to propose a decrease in the quorum threshold:
- Quorum threshold 30% → 20%
The 70% consensus condition would stay untouched.
This change should remove a possible barrier to broadcast future stkIDLE votes on-chain while maintaining a good security balance and shielding the governance from malicious votes.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x6f85...969314 | 84,291 | For |
 0x500D...D4a2De | 59,288 | For |
 0x4F31...1C98B4 | 29,315 | For |
 0x9C39...E0731d | 6,874 | For |
 0xe0e6...03060F | 2,902 | For |
VOTE POWER
Proposal Status
- Fri September 02 2022, 11:00 amVoting Period Starts
- Mon September 05 2022, 11:00 amEnd Voting Period
Current Results
1-For
182,669.205