Key Updates – October 2, 2024
- We have incorporated @krst’s feedback by increasing the minimum participation requirement for on-chain votes from 60% to 75% over the past 90 days. Consequently, delegates must now participate in at least 3 out of 4 on-chain votes within the last 90 days to remain eligible for the program.
- As the DAO expressed a preference for option 2 (v1.5), all references to option 1 (v1.1) have been removed. The tables, framework, and terminology, as well as the related formulas, have been updated accordingly.
- Clarification has been added to indicate that aspects of v1.0 that remain unchanged will be retained.
- Existing delegates in the program will be required to renew their KYC, though they will not need to re-register for the program.
- Minor changes have been made to improve wording and organization throughout the proposal. This includes moving certain notes to more prominent clauses, updating the TP ranges in the tiers with symbols ≥ and <, and adding links to relevant BP calls.
- We would like to emphasize the experimental nature of the new delegate feedback evaluation system (which will be evaluated after the first three months) and the recently added clause that allows SEEDGov to reopen budget discussions if delegate enrollment exceeds 65 participants. These items have been elevated from simple notes to clauses with dedicated titles for increased visibility.
- The definition of a new delegate participating in the program has been expanded, providing greater clarity on the onboarding process:
- Lastly, we aim to submit this proposal for a vote on Tally by Monday, October 7, 2024, with the voting process starting on Thursday, October 10, 2024, due to the three-day voting delay.
Thanks again everyone for the feedback! We are open to further input or questions in the coming days.