Proposal #278
Passed on 19 Jul 2022 with 96.5% of the votes for yes.
Yes
96.5%
98.9% without abstain
Veto
0.0%
of votes cast
Ended
19 Jul 2022
96.53%
of votes cast
2.40%
of votes cast
1.06%
of votes cast
0.01%
of votes cast
By voting Yes, you agree to the governance module changes listed below, allowing them to be enabled during the next upgrade.
By voting No, you reject the below changes to enable the expedited proposals during the next upgrade.
This is a proposal to introduce changes to the governance module and allow any future proposal to be expedited similar to the method of [Hidden link]. This will give Osmosis governance built-in flexibility to act quickly in the case of emergencies.
With this feature enabled, a proposer can flag any proposal as Expedited when putting it on-chain.
If expedited, the deposit to enter voting period will be increased to 5000 OSMO. The proposal will have 24 hours to achieve a two-thirds majority of all staked OSMO voting power voting YES.
If it achieves that two-thirds majority within that time, it will be considered to have passed.
If it does not achieve the two-thirds majority within 24 hours, it will be converted to a normal proposal and run for the rest of the normal proposal period under normal rules. (If it is vetoed, even after having been converted to a normal proposal, the proposer will still lose the entire 5000 OSMO deposit.)
These changes will be effected by implementing the two Github repositories linked here.
The original feature and spec can be found [Hidden link].
Based on the feedback from Commonwealth, the functionality for configuring a separate, higher deposit [Hidden link]. 5,000 OSMO (as above) will be the initial parameter.
The enlarged proposal deposit can of course be changed by a DAO vote. Likewise, further safety guards can and should be discussed in future threads and proposals.
These heightened safety guards might include requiring more than a two-thirds threshold to approve an emergency proposal, or they might require an additional delay, such as a longer-than-24-hour voting period for less acute emergencies. Further, governance could add a built-in implementation delay, during which voters could change their votes as the emergency evolved or as new information and perspectives came to light, particularly if it became apparent that the expedited proposal had been subject to a governance attack.
Commonwealth Thread: [Hidden link]