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Proposal #101

Decrease Voting Period and Quorum Threshold for Smart Contract Migration v0.6.3

PassedUpdate Params

Passed on 16 Apr 2024 with 96.1% of the votes for yes.

Yes

96.1%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

16 Apr 2024

The ballotvotes cast · final tally
Yes

96.06%

of votes cast

Abstain

3.94%

of votes cast

No

0.00%

of votes cast

Veto

0.00%

of votes cast

/n/n Presently, participants in our governance process have a three-day window to vote on proposals once the necessary minimum deposit has been made to initiate them. However, the ongoing high activity on the Nolus mainnet presents a challenge for the seamless migration to the v0.6.3 smart contracts. The extensive gas requirements for a one-time migration of unpinned contracts exceeds the block's gas limit, making it unfeasible./n/n Fortunately, after pinning the contracts, the migration will be possible with a single proposal. Reducing the voting period will allow us to execute pinning and the actual smart contract migration in a short window period, rather than waiting 3 days for each proposal (total 6 days). /n/n By voting "YES" on this proposal, you are expressing your support for a temporary adjustment of the voting period from one day to 10 minutes and the quorum threshold from 33.4% to 20%, specifically for the purpose of the v0.6.3 smart contract migration. Following the completion of this migration, a subsequent proposal will be introduced to reinstate the voting period to its standard length of three days and the quorum to 33.4%.

Timeline

  1. Submitted13 Apr 2024
  2. Voting started13 Apr 2024
  3. Voting ended16 Apr 2024
  4. Deposit deadline23 Apr 2024

Proposer

Address
nolus143…26x8m2
Deposit2.5K

Rules

Not recorded for this proposal.