Executed

SIP 0.1: Quorum Update


Proposed by

Proposal ID

195177...3455

Proposed

Mar 26th, 2025

Result details
Final Votes

Quorum

304.35M of 39.03M

Majority support

Yes

For

304.35M

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0xBE5A...e9Fa

updateQuorumNumerator(..)

Custom

Account

0xBE5A...e9Fa

Method

updateQuorumNumerator(..)

Proposal

This proposal seeks to update the quorum numerator to 15, reflecting a quorum threshold of 15%. This change aligns with the updated calculations based on the total voting supply and ensures that the governance process remains robust.

Since the quorum denominator is fixed at 100, the closest possible quorum numerator is 14 or 15. Given our historical voting activity and the need to ensure quorum integrity, I propose rounding up to 15%, rather than 14%. This ensures we do not fall below the intended threshold.

Proposal Details

I propose setting the newQuorumNumerator to 15, which will:

Maintain governance stability by ensuring sufficient voter participation.

Align with best practices in on-chain governance.

A simulation of this update has been performed on Tenderly to verify expected outcomes.

Final Votes

Quorum

304.35M of 39.03M

Majority support

Yes

For

304.35M

Against

0

Abstain

0

Final Votes
Status

Wed Mar 26, 08:23 pm

Draft created

Wed Mar 26, 08:23 pm

Published onchain

Thu Mar 27, 08:23 pm

Voting period started

Mon Mar 31, 08:23 pm

Voting period ended

Tue Apr 1, 08:29 am

Proposal queued

Thu Apr 3, 09:49 am

Proposal executed