TIP-108: Adjust Onchain Voting Period to 7 Days
AI summary
This proposal aims to shorten the on-chain voting period for Threshold Improvement Proposals (TIPs) from 10 days to 7 days. The change is motivated by the desire for faster decision-making and alignment with current best practices observed in other major decentralized autonomous organizations (DAOs). The existing mechanism that automatically extends the voting period by two days if quorum is reached late will remain in place.
If passed, this proposal will accelerate the pace at which Threshold Network can implement changes and updates, potentially making the protocol more agile. It benefits the DAO by streamlining governance, but could slightly reduce the time token holders have to deliberate on proposals, though the proposal argues this is not a significant concern based on past voting patterns.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
2 votes > 5% VPFull proposal
Vote Type Token holder DAO on-chain 9-day vote period
DAO-elected Sponsors @Luna5 , @JohnPackel, @mcitizen42
This proposal reduces the on-chain voting period in Threshold’s Governor Bravo from the current 10 calendar days to 7 calendar days, while fully preserving the existing late-quorum extension mechanism (automatic 2-day extension if quorum is reached in the final <2 days).
Motivation & Reasoning for Reducing to 7 Days: the original 10-day voting period was chosen in early 2023 (post-merge of Keep + NuCypher) for extra caution:
Very distributed, retail-heavy holder base. Desire for max…