Changes to Governance (fixed!)
This proposal is very similar to the previous proposal submitted on the DAO, but fixes the Quorum (the Tally UI does not encode number with the right number of 0)
A few weeks ago the first proposal was sent to the DAO! Unfortunately, that proposal failed because it did not reach quorum. Quorum only takes into account the votes in favor and those who abstain. This is to not discourage people who want to vote against because if they don’t, then quorum is less likely to be achieved.
The fact that we did not reach was a disappointment but the Unlock Inc. team also thinks it means we should ease the settings on the DAO. For this we are suggesting the following changes:
-
reduce quorum to 12.5K. Currently, one address owns about 7K UDT so we can’t reduce too much
-
add a 1-week proposal delay during which the proposal is visible by everyone but for which voting is not enabled. The goal here is to give more time for everyone to review the proposals.
-
we will also extend the timelock period to 3 days in order to give time to anyone who wants to sell their tokens before a transaction gets executed to do it.
Please, vote for this! Also, remember, Unlock Inc. will reward all delegates and token holders who have voted consistently this year! See this: https://unlock.community/t/rewarding-delegate-and-delegation/172/4
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x0D84...e912CD | 6,690 | FOR |
 0xBCcf...7d3d7e | 1,172 | FOR |
 0x9dED...2094e5 | 1,147 | FOR |
 0xc094...25AD7d | 1,055 | FOR |
 0xCed1...4fFE05 | 1,000 | FOR |
VOTE POWER
Proposal Status
- Tue April 12 2022, 01:01 amPublished Onchain
0xDD8e...2Bcc44 - Tue April 12 2022, 01:02 amVoting Period Starts
- Tue April 19 2022, 04:47 amEnd Voting Period
- Wed April 20 2022, 02:22 amQueue Proposal
- Wed April 20 2022, 11:55 amExecute Proposal
Current Results
1-FOR
16,905.531
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens