EIP-8 Quorum and Proposal Threshold Reductions
Author: Will Price
The ESD DAO is a proxy contract that allows arbitrary upgrades by pointing to a new
Implementation contract. The system’s ability to upgrade itself via DAO votes is key to its future viability.
Proposal Threshold - the fraction of bonded ESD that an address must hold in order to initiate a vote
Quorum - the fraction of the DAO that must vote either YES or NO on a proposal for it to pass
- The recently implemented 15 epoch
fluidperiod creates additional friction because DAO participants must be
- As ESD scales and decentralizes, the current quorum and proposal thresholds will make it unnecessarily difficult for the community to make improvements to the system.
- reduce quorum from 33% to 20%
- reduce proposal threshold from 1% to 0.5% of the DAO