by 0xfe91c0c482e09600f2d1dbca10fd705bc6de60bc
Summary
Raise the voting period time and voting power threshold to pass grants of Tiers 4, 5 and 6.
Abstract
At the beginning of the Grant Community Framework a minimum VP participation threshold was set. At the moment current thresholds are 1M VP for Grants for all grants.
Recently a proposal to expand the Community Grant Program 1 has been approved, adding three new tiers that enable access to higher amounts of funding:
- Tier 4: Up to $60.000 USD, 6 months vesting (1 month cliff).
- Tier 5: Up to $120.000 USD, 6 months vesting (1 month cliff).
- Tier 6: Up to $240.000 USD, 6 months vesting (1 month cliff).
This proposal aims to set new VP thresholds for Tiers 4, 5, and 6 but also give time to the community to reach that goal.
Motivation
The VP thresholds are an important mechanism set in place with the purpose of:
- Ensures that enacted proposals more accurately reflect the sentiment of the greater community.
- Helps to prevent the DAO from funding underqualified, poorly-formulated, or fraudulent grants.
Specification
General considerations:
- Past grants received between 1M and 2.3M VP each.
- Maximum VP received in a proposal 11M VP.
- Participation of VP may change over time.
New thresholds for Tiers 4, 5 and 6:
- 2M VP ⇒ Tier 4: Up to $60.000 USD, 6 months vesting (1 month cliff).
- 4M VP ⇒ Tier 5: Up to $120.000 USD, 6 months vesting (1 month cliff).
- 8M VP ⇒ Tier 6: Up to $240.000 USD, 6 months vesting (1 month cliff).
New votation period for Tiers 4, 5, and 6: Two weeks.
- Yes
- No
- Invalid question/options