We’re voting in favor.
No further discussion in the last month has changed our rationale since Snapshot. See below our previous reasoning. Reducing the quorum is the simplest solution at the moment to guarantee a better viability for governance of the protocol. Hopefully we can work towards a better, and stable solution in the long term.
web3citizenxyz:
We lean in favor of reducing quorum, not because it’s the best solution but because it’s the simplest one at the time and our responsibility as delegates should also be guaranteeing the viability of governance of the protocol.
Quorum reduction is also not done by much, only 5%, that, as the Foundation pointed out will put us in a similar situation to April. The proposal is quite straightforward and not costly for the DAO. A spike in participation is also unlikely given a lower trend in participation.
We see this as a better and simpler solution than that of redelegating tokens or delegating in other way from the treasury. While it does not solve the issue, it provides a workable solution without the direct COI of voting to redelegate based on subjective criteria, while we can work on how to grow participation, ensuring incentives are put in the right place.