[Draft Proposal] Reduce Proposal Quorum Threshold to 1% (IN FAVOR)

🗳️ Governance Proposals
1

Title

Reduce Proposal Quorum Threshold to 1% (IN FAVOR)

Background

The quorum threshold to ratify a proposal at present is 4% of the circulating supply of $PUSH (~612k as of 27 May 2022). Here we propose to make an amendment to the Push Governance proposal ratification requirements, by reducing the quorum to 1%.

Proposal Description

Quorum is a requirement that sets the minimum number of votes IN FAVOR that must be present for a proposal to get ratified. It exists so proposals can’t be shuttled through without a sufficient number of contributors casting votes.

At present, the quorum threshold to ratify a proposal is 4% of the circulating supply of $PUSH(~612k PUSH as of 27 May 2022). This threshold is defined in the Push Governance guidelines when it was launched in September 2021, here. However, 4% was kept, expecting a much higher level of community engagement.

Now, after promoting a good amount of proposals to Snapshot, we have a better picture of the engagement we can expect. Although most of the proposals in the past have met quorum on Snapshot, there was this proposal, that failed to meet quorum in spite of good engagement from the community.

Hence, by learning from the experiences of other DAOs who had to reduce quorum when not-meeting-the-quorum affected the decision-making of governance, we propose to reduce the quorum threshold to 1% (~ 153k PUSH as of 27 May 2022) as a preventive measure.

While this preventive measure ensures that most proposals are either passed or defeated, it really doesn’t affect the governance mechanism as the proposal still is there for 7 days so proposals that have gotten significant momentum will still be decided while lowering the quorum barrier will ensure that proposals that aren’t gaining traction still can be decided in either for or against.

Conclusion

If the feedback from the community is affirmative, this proposal would be promoted to the Discussion Phase and then to formal voting. If ratified, the quorum threshold percentage would be reduced to 1%. However, this proposal requires a 4% quorum to get ratified.

10 Likes
2

yo estoy de acuerdo con cambiar el quórum al 1 por ciento pero planteó la idea de mantener dicho requisito acorde al tamaño de la comunidad, tan pronto como la misma crezca pienso mejor elevar el minimo del quórum para darle representatividad a toda decisión que se tome en la DAO

I agree with changing the quorum to 1 percent but he raised the idea of maintaining said requirement according to the size of the community, as soon as it grows I think it is better to raise the minimum quorum to give representativeness to any decision that is made in the DAO

1 Like
3

This is a pretty nice one, all onboard with this.

4

It makes sense to me. It’ll help ensuring that we get quick decisions across the DAO given the current scenario… Size wise for now 1% makes sense

1 Like