[Proposal] Lower GTC Voting thresholds on and off chain

[krrisis]

I’d be down for point 2 & 3, but I do have a question about point 1.

@kyle

1. New quorum threshold of 1MM GTC instead of 2.5MM GTC for both on chain and off chain voting

If we lower this threshold it seems to me we risk to diminish voter participation even more, no? In the sense that even just one or two token holder could make a proposal pass. I know your proposal would be to change this, but wondering if lowering this threshold is the key factor here (rather than dialogue with the token holders who delegate) and does not increase the risk for governance attacks too much?

Know the answers to your Qs here Jon so quick response :

@CoachJonathan

• Do these thresholds impact Snapshot and Tally, or just Tally?

Both, that’s what kyle means with offchain & onchain as explained above.

@CoachJonathan

• There is also an unwritten (for now) rule about having a proposal in the forum up for a certain amount of days + a certain amount of comments

@CoachJonathan

• How does this work with the minimum amount of time/comments in the forum?

Time of comment in the forum is actually in the ratified gov proposal, here:

@kyle

Once it has been posted in the forum, a proposal must:

• Be available for review and comment for at least 5 days, and
• Receive input from at least 5 stewards not connected to or working with the proposal/with workstream (any stewards part of the proposal should also be disclosed).