[Constitutional] DVP Quorum for ArbitrumDAO: Implementation & Parameters
AI summary
This proposal aims to change how ArbitrumDAO calculates the minimum number of votes needed for a proposal to pass, known as quorum. Currently, quorum is based on the total number of ARB tokens that could potentially vote. This proposal suggests a new method that ties quorum to 'delegated voting power' (DVP), which represents the ARB tokens actively participating in governance. The new formula will use specific constants (ɑ, baseline quorum, and max quorum) to set dynamic lower and upper bounds for quorum, with different parameters for constitutional and non-constitutional proposals.
If this proposal passes, the ArbitrumDAO's governance process will become more responsive to active voter participation, potentially making it easier for proposals to pass if a significant portion of delegated tokens vote, or harder if DVP is low. This change benefits active delegates and token holders by making their participation more impactful, and could lead to more efficient decision-making. The specific impact on proposal passage rates cannot be determined without knowing current DVP levels.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
6 votes > 5% VPFull proposal
Abstract
The ArbitrumDAO recently expressed strong interest in moving towards a delegated voting power (DVP)-based quorum model. Consequently, this upgrade, if implemented, will define quorum as:
Quorum = min{max quorum, max{ɑ*DVP, baseline quorum}}
where ɑ, baseline quorum, and max quorum are constants.
This proposal aims to finalize the implementation and accompanying parameters of this upgrade - ɑ, baseline quorum, and maximum quorum. If thi…