Description

### Summary Raise the voting period time and voting power threshold to pass grants of Tiers 4, 5 and 6. ### Abstract At the beginning of the Grant Community Framework [a minimum VP participation threshold was set](https://governance.decentraland.org/proposal/?id=95141550-c3f4-11eb-b2bc-870b0f8c50b5). At the moment current thresholds are 1M VP for Grants for all grants. Recently [a proposal to expand the Community Grant Program 1 has been approved](https://governance.decentraland.org/proposal/?id=c02ff450-2783-11ec-ac84-77607720a240), adding three new tiers that enable access to higher amounts of funding: * Tier 4: Up to $60.000 USD, 6 months vesting (1 month cliff). * Tier 5: Up to $120.000 USD, 6 months vesting (1 month cliff). * Tier 6: Up to $240.000 USD, 6 months vesting (1 month cliff). This proposal aims to set new VP thresholds for Tiers 4, 5, and 6 but also give time to the community to reach that goal. ### Motivation The VP thresholds are an important mechanism set in place with the purpose of: * Ensures that enacted proposals more accurately reflect the sentiment of the greater community. * Helps to prevent the DAO from funding underqualified, poorly-formulated, or fraudulent grants. ### Specification General considerations: * Past grants received between 1M and 2.3M VP each. * Maximum VP received in a proposal 11M VP. * Participation of VP may change over time. New thresholds for Tiers 4, 5 and 6: * 2M VP ⇒ Tier 4: Up to $60.000 USD, 6 months vesting (1 month cliff). * 4M VP ⇒ Tier 5: Up to $120.000 USD, 6 months vesting (1 month cliff). * 8M VP ⇒ Tier 6: Up to $240.000 USD, 6 months vesting (1 month cliff). **New votation period for Tiers 4, 5, and 6: Two weeks.**