Reduce the VP threshold required for Governance Proposal
Proposal Details
Description
DAO participation is currently low. Previous few governance proposals passed with the help of Esteban's VP. Lowering the VP threshold needed to pass a governance proposal by 20% (from 6m-5m VP) will reflect the lower participation.
Voting Rationale
VP threshold is fine, we just need more participation.
Reduce the VP threshold required for Governance Proposal This proposal is now in status: PASSED. Voting Results: * Yes 50% 1,379,409 VP (6 votes) * No 46% 1,330,637 VP (3 votes) * Abstain 4% 134,731 VP (2 votes)
maybe adding a requirement to make a min number of community members voting as well and put in ways to block one player/entity being able to control DCL, like ice poker did already...
Hello friends I voted no because i don't think this proposal makes sense right now with the price of mana being so low. What we do need is more participation in the ecosystem and more people wanting to buy and hold mana, names, and land. Thank you ^.^
Thanks for sharing your thoughts @Canessa. I understand that concern. Along that lines, I believe that issue will still exist even with MANA prices at $0.1. It won't be a deterrent if that entity decides it wants to "whale" its vote through by buying up MANA. At $0.1 MANA price, it'll still only take the entity an extra $100k USD to get from 5m- 6m VP. My assumption is that if ill intent has conviction, that won't be much of a barrier considering the person has already spent 500k USD on MANA/LAND. Safeguards like community voting against such proposals as well as the presence of Council and SAB, provides a reasonable amount of safeguard. On the flipside, if proposals that can improve the system can't pass because we can't hit the threshold, members will feel deterred to bring up changes for vote because "what's the point if we can't hit the threshold at the last mark" Its a fine balance between security and vibrancy. At this moment, looking at how quiet the DAO has been (for better/worse) the last 6 months, it seems to me that the more pressing issue is one of vibrancy. **Also**, a consideration is that all(literally) the governance proposals that have passed in the last 6-9 months involved Esteban(respectfully) voting. That dependance brings more to question on whether proposals are gated by him(again, respectfully).
I do not think this is a wise idea. Mana is .065 as I write this. If anything, I favor increasing the amount of VP needed to pass governance proposals. We are dangerously close to prices that would allow a single outside entity to purchase enough Mana to control every governance proposal hereon out. .065 *6,000,000 = $390,000.00 .065* 5,000,000 = $325,000.00 Then at: .05: 5,000,000 = 250,000.00 .04: 5,000,000 = 200,000.00 .03: 5,000,000 = 150,000.00 .02: 5,000,000 = 100,000.00 .01: ??? Protecting the assets of the DAO in the long term outweighs the needs of having every proposal passed right now.
@esteban @SinfulMeatStick @Canessa @Billyteacoin @MetaRyuk @AlanHowick @JasonX @Monotributista @Roustan Pinging for our community leaders and long time members to weigh in and also vote on this topic.
6 Comments