[Constitutional] DVP Quorum & Proposal Cancellation
AI summary
This proposal aims to change how Arbitrum DAO calculates the minimum number of votes needed for a proposal to pass, known as quorum. Instead of using the total available tokens, it will now base quorum on 'delegated voting power' (DVP), which represents tokens actively participating in governance. Additionally, the proposal will update the ArbitrumDAO Constitution to reflect this change and enable proposers to cancel their own proposals on-chain.
If passed, this will make it easier for proposals to reach quorum by focusing on active voters, potentially increasing the efficiency of governance. It also gives proposers more control by allowing them to cancel proposals, which could prevent unwanted outcomes or allow for revisions. The change benefits active delegates and proposers, while potentially making it harder for less engaged token holders to block proposals.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
[Constitutional] DVP Quorum & Proposal Cancellation
1. Abstract
The ArbitrumDAO recently expressed strong interest in moving towards a delegated voting power(DVP)-based quorum model with the parameters now finalized in an offchain vote. Consequently, this upgrade, if implemented, will define quorum as:
`Quorum = min{max quorum, max{ɑ*DVP,…