Executive Summary

In light of the rapid exponential growth of Risy DAO Token (RISY), this proposal aims to temporarily modify the Risy DAO governance structure by increasing the quorum requirement from 4% to 10% of the total $RISY supply. This change is designed to protect the decentralized nature of the DAO and prevent centralized monopolism due to the affordable price of $RISY during its early growth phase.

Current State

• Total $RISY Supply: 1,000,000,000,000 (1 trillion)
• Current Quorum Requirement: 40,000,000,000 (40 billion) $RISY (4% of total supply)
• Governance Contract: 0xD74E510a6472B20910ABCF8a3945E445b16aE11A
• $RISY Token Contract: 0xca154cF88F6ffBC23E16B5D08a9Bf4851FB97199

Proposed Change

• New Quorum Requirement: 10% of the total supply (100,000,000,000 $RISY)

Rationale

1. Early and Rapid Exponential Growth: RISY has experienced unprecedented growth in its early stages, attracting numerous investors due to its innovative tokenomics and potential.
2. Preventing Monopolistic Actors: The current affordability of RISY, combined with its rapid growth, creates a risk of large holders potentially monopolizing the DAO. Increasing the quorum helps mitigate this risk.
3. Preserving Decentralization: A higher quorum ensures that a larger portion of the community must participate in governance decisions, preserving the decentralized nature of the DAO during this critical growth phase.
4. Temporary Measure: This increase is proposed as a temporary measure until the project matures and it becomes more difficult to accumulate large amounts of RISY.
5. Balancing Growth and Governance: The 10:1 buy-sell ratio created by the daily 10% transfer limit has accelerated RISY's growth. This new governance parameter aims to balance this growth with robust, decentralized decision-making.

Technical Implementation

If approved, this proposal will require updating the quorumNumerator parameter in the Risy DAO governance contract:

function updateQuorumNumerator(uint256 newQuorumNumerator) external {
    // Only callable by governance
    _updateQuorumNumerator(newQuorumNumerator);
}

The new quorum numerator will be set to 10, representing 10% (100,000,000,000 $RISY).

Potential Impacts

1. Increased Community Engagement: A higher quorum may encourage more active participation in the DAO.
2. Slower Decision-Making: It may take longer to reach quorum, potentially slowing down the governance process.
3. Enhanced Decentralization: Requiring more participation in decisions helps ensure a wider range of voices are heard.

Future Considerations

This decision will be reconsidered when:

1. The price of RISY increases significantly, making it more difficult to obtain large amounts of RISY to monopolize the DAO.
2. The token distribution naturally becomes more decentralized.
3. The DAO community deems it appropriate to revisit this parameter.

Conclusion

The proposed increase in quorum aims to protect the decentralized nature of Risy DAO during this period of rapid, early growth. This temporary measure will help ensure that governance remains in the hands of a broad community of token holders, preventing potential centralized monopolization while the project matures.

Voting Options

1. Approve: Temporarily increase quorum to 10%
2. Reject: Maintain current quorum (4%)
3. Abstain: Formally register participation without taking a stance

We encourage all RISY holders to carefully consider this proposal and actively participate in this critical decision for the future of Risy DAO.

Additional Resources

• Current Governance Parameters
• $RISY Token Analytics
• $RISY Token Chart