Ongoing Snapshot Proposals
1. [Constitutional] DVP Quorum for ArbitrumDAO: Implementation & Parameters
This upgrade, if implemented, will define quorum as:
Quorum = min{max quorum, max{ɑ*DVP, baseline quorum}}
where ɑ, baseline quorum, and max quorum are constants.
At present, ArbitrumDAO’s quorum is computed based on the total voteable supply. This proposal suggests moving on to a delegated voting power (DVP) based definition - a metric that more directly represents the amount of ARB participating in governance and available for voting.
The proposed formula works as follows:
- When ɑ* DVP is lower than baseline quorum, baseline quorum applies.
- When ɑ* DVP is higher than baseline quorum and lower than max quorum, ɑ* DVP applies.
- When ɑ* DVP is higher than max quorum, max quorum applies.
In short, baseline quorum and max quorum form fixed lower and upper bounds for quorum.
The following parameters are recommended:
For constitutional proposals:
- {ɑ = 0.5; baseline quorum = 150m ARB; max quorum = 450m ARB}
For non-constitutional proposals:
- {ɑ = 0.4; baseline quorum = 100m ARB; max quorum = 300m ARB}