Tangle has posted a proposal on the Sushi forum addressing Sushi’s Snapshot voting mechanism. The proposal addresses both the quorum and threshold aspects of the Snapshot vote.
Refresher – How Snapshot Votes Currently Work:
For a Snapshot vote to be valid and have a passing outcome it must meet two conditions:
- Have a total of 5 million SUSHIPOWAH participate in the Snapshot.
- Have an outcome receive greater than 50% of the SUSHIPOWAH that participates in the Snapshot.
The Changes Being Proposed:
Quorum? Or In Favour?
This temperature check is to see if the community supports the current quorum model. The question being posed is:
- Should a quorum of 5 million instead be changed to 5 million votes as a minimum in favor of an outcome for the Snapshot to be considered valid?
This would have the effect of requiring more SUSHIPOWAH to vote than is currently required. A Snapshot vote would then be required to have 5 million votes in favor of one outcome AND meet the threshold of greater than 50% of the voting SUSHIPOWAH for a passing outcome to be decided.
Should the Threshold Change?
Tangle’s proposal also seeks a temperature check on the passing threshold for Snapshot votes. Since 50% is barely a majority, it can be stated this does not necessarily show strong confidence for a given outcome. As such, Tangle has recommended we vote on the threshold required as well. The proposed thresholds are any amount greater than:
- 50% – the current requirement.
Special Requirements for a Snapshot Pertaining to This Proposal:
If this proposal goes to Snapshot it will require over 5 million SUSHIPOWAH in favor, and 75% of the SUSHIPOWAH voting on one particular outcome. This is due to the sensitive nature of making a change to the token governance model.
Remember to Participate:
As we all know, proposed changes relating to the governance of Sushi should be carefully weighed by those who govern. It is strongly recommended that all members of the community with SUSHIPOWAH review this proposal and share their opinion.