by 0x8218a2445679e38f358e42f88fe2125c98440d59 (1010)
Voting thresholds are essentially the first hurdle that any applicant needs to pass before a proposal is considered legitimate. Thereafter, a simply majority is required for the proposal to pass.
I’d like the community’s feedback on what the voting threshold should be if a member (including the DAO squads) wants to apply to use land that is acquired by the DAO.
PLEASE NOTE that this is for 1 plot of LAND
Factors to consider:
1 LAND’s value is capped at around 4k MANA, comparable to a grant that’s asking for 2.5k USD at today’s prices.
The potential supply of land that’ll be available to the community. It is estimated that there could be an average of 10-15 LANDs purchased per month.
Whether VP threshold should be dynamic, i.e 1m VP for the first plot, extra 500k VP for every extra plot included in the proposal, regardless of whether its contiguous.
Bearing in mind that setting too low a threshold (500k vp and below) will allow a single person to legitimise the voting process while too high a threshold will discourage a lot of members from applying if the failure rate is high.
Linear doesn’t work, you cannot expect 20M VP minimum for 40 lands.
A logarithmic threshold would be more adapted.
The duration should also likely be taken into account.
Just keep in mind that it’s currently possible to rent a land for 30 MANA a month.