The following steps illustrate the requirements to raise and vote on a proposal in the scenario where only vesting GRO counts towards votes. When on-chain governance cannot be used to implement the resulting actions (either because on-chain governance is not approved by the DAO or because the respective proposal would not result in an on-chain action), the off-chain governance process result (though technically non-binding) is considered as the final vote:
Discuss in Discord at #governance channel
Write a Gro Request For Comments (GRFC) on Gro DAO Forum, following these guidelines on writing GRFCs, and use the poll feature to conduct an informal signalling vote
After at least [6 days]* of GRFC, if feedback has been implemented and there is a general consensus (as determined by GRFC feedback and by at least [15 members] participating in a passing signalling vote) that the proposal should be taken to vote, addresses with [175,000+ vesting or delegated* vesting GRO tokens]** (~0.5% of current*** GRO Supply*),* or whitelisted**** addresses; can initiate the proposal on Gro DAO’s Snapshot, using this Proposal Description Template
The vote would be live for at least [5 days]* for off-chain voting on Snapshot, and would need to meet a quorum of [350,000 vesting GRO]* (~1% of current*** GRO Supply) and a passing rate of over [50%*]
A successful vote would have [3 days]* of timelock for implementation (if applicable), allowing time for emergency multi-sig to act if there’s a malicious attack
CAVEATS:
*Parameters:
Parameter | Definition | Tally Recommendation |
---|---|---|
Proposal Threshold | the amount of voting power that an account needs to make a proposal. | • 0-2% of circulating token supply |
• at least 5-10 delegates should have enough voting power to make a proposal | ||
Quorum | the amount of For votes – sometimes also including the amount of Abstain votes – for a proposal |
• 1-10% of circulating token supply |
Voting Period | how long voting lasts on each proposal | • 3-7 days |
Voting Delay | time between when a proposal is submitted and when it goes up for voting | • 1 day |
Timelock | minimum amount of time between when a proposal posses and when it can be executed | • 3-7 days for if the Timelock has someone with an emergency veto/cancel role and if the governor manages a DeFi protocol |
**Delegation:
***Current Supply of GRO Tokens