Increase Risy DAO Quorum Requirement to 4% (40 billion $RISY)

Executive Summary

This proposal aims to modify the Risy DAO governance structure by increasing the quorum requirement from its current level of 10 billion $RISY (1% of total supply) to 4% of the total $RISY supply, equivalent to 40 billion $RISY tokens. This change is designed to enhance the security, representation, and overall robustness of the DAO's decision-making process.

Current State

• Total $RISY Supply: 1,000,000,000,000 (1 trillion)
• Current Quorum Requirement: 10,000,000,000 (10 billion) $RISY (1% of total supply)
• Governance Contract: 0xD74E510a6472B20910ABCF8a3945E445b16aE11A
• $RISY Token Contract: 0xca154cF88F6ffBC23E16B5D08a9Bf4851FB97199

Proposed Change

• New Quorum Requirement: 4% of total supply
• Token Amount: 40,000,000,000 (40 billion) $RISY

Rationale

1. Significant Increase in Participation: This proposal represents a fourfold increase in the required quorum, from 1% to 4% of the total supply. This substantial change aims to dramatically improve the representativeness and security of DAO decisions.
2. Enhanced Security: Increasing the quorum from 10 billion to 40 billion $RISY significantly raises the bar for potential governance attacks, requiring a much larger stake to influence decisions.
3. Improved Representation: The current 1% quorum allows decisions to be made with relatively low participation. Increasing to 4% ensures that a more significant portion of the Risy DAO community is represented in each decision.
4. Alignment with Growth: As the Risy ecosystem has expanded since the initial governance parameters were set, this increase aligns the quorum with the current distribution and engagement of token holders.
5. Incentivizing Participation: The substantial increase from 10 billion to 40 billion $RISY for a quorum may encourage more token holders to actively participate in governance, fostering a more engaged and decentralized community.

Technical Implementation

If approved, this proposal will require:

1. Updating the quorumNumerator a parameter in the Risy DAO governance contract at address 0xD74E510a6472B20910ABCF8a3945E445b16aE11A.
2. Specific function call:```solidity function updateQuorumNumerator(uint256 newQuorumNumerator) external { // Only callable by governance _updateQuorumNumerator(newQuorumNumerator); }

3. The new quorum numerator will be set to 400, representing 4% (400/10000), up from the current 100 (1%).

Potential Impacts

1. Voting Dynamics: The fourfold increase in required quorum may lead to significantly longer voting periods or require much more active communication to ensure the quorum is met.
2. Proposal Success Rate: The higher quorum may result in fewer proposals reaching the required participation threshold, potentially slowing down decision-making processes.
3. Voter Engagement: This will necessitate enhanced community outreach and education about the importance of governance participation to meet the new, higher quorum.

Security Considerations

• The governance contract's upgradeability should be verified to ensure this change can be implemented securely. You can view the contract code on Polygonscan.
• An audit of the changes should be conducted before implementation to prevent any potential vulnerabilities.

Alternative Considerations

• A gradual increase in quorum over time was considered but deemed less suitable due to the current growth stage of Risy DAO.
• The 4% figure was chosen based on an analysis of other successful DAOs and the current distribution of $RISY tokens. You can view the current token holders on Polygonscan.

Conclusion

Increasing the quorum requirement to 4% (40 billion $RISY) represents a significant step in the maturation of Risy DAO's governance model. It reinforces our commitment to security, representation, and active community participation. We encourage all DAO members to carefully consider this proposal, its implications for future governance, and to actively participate in the voting process.

Voting Options

1. Approve: Increase the quorum requirement to 4% (40 billion $RISY)
2. Reject: Maintain the current quorum requirement of 1% (10 billion $RISY)
3. Abstain: Formally register participation without taking a stance

We look forward to the community's thoughtful consideration and participation in this important decision for the future of Risy DAO.

Additional Resources

• Current Governance Parameters
• $RISY Token Analytics