Clarification on Abstain Votes
After multiple questions regarding the nature of Abstain votes, it’s been decided to publicly and preemptively clarify the role of Abstain in the Voting Round.
To succeed, a proposal must receive greater than 50% of votes in favor of the proposal and a quorum greater than 71.51M ARB.
Voters can either vote FOR, AGAINST, or ABSTAIN.
FOR: A vote in favor of the grant application.
AGAINST: A vote against the grant application.
ABSTAIN: Neither a vote FOR nor AGAINST the grant application, but a vote towards quorum.
As such, the success conditions of an application can be calculated as the following:
Percent in Favor = FOR / (FOR + AGAINST)
Quorum = FOR + AGAINST + ABSTAIN