RFC: Governance/Reduce Snapshot Voting Period from 10 Days to 5 Days

TITLE

OVERVIEW

Proposal Title: Reduce Snapshot Voting Period from 10 Days to 5 Days
Author(s): Cairo Smith
Category: Governance Related Discussions:

DETAILS

Summary:
Propose shortening the Snapshot vote period from 10 to 5 days to improve governance response time and participation.

Link to Transaction Payload PR:
N/A

Motivation:
The current 10-day period slows down decision-making. A 5-day period would make the protocol more agile.

Vision:
Shortening the vote period aims to quicken decisions, potentially raising engagement and making governance more efficient.

Specification:

Update governance documents for the new vote period.
Adjust Snapshot settings to a 5-day limit.

Benefits (Pros):

Quicker decisions.
Higher community engagement.

Downside (Cons):

Less time for consideration.
Possible lower turnout.

Overall Cost:
Minimal, focused on documentation and communication.

Timeline:
Implementation immediately following a passing vote.

VOTING OPTIONS

Abstain: Neutral stance contributing to quorum.

No: Opposes reducing the vote period, favoring the current 10-day span.

Yes: Supports reducing the voting period to 5 days for faster governance.

start

February 28, 2024

8:40 PM

end

March 9, 2024

8:40 PM

Voting

off-chain

Voting type

basic

Voters

118

Votes

24,513

Final Votes

closed

For

24.1K veSHELL

98.48%

Against

358.2 veSHELL

1.46%

Abstain

14.9 veSHELL

0.06%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%