Proposal: Update mandatory community review time requirements on proposals from a minimum of 2 days to 4 days

This proposal is expected to appear on Snapshot for voting on 2022-09-11T15:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

This proposal is seeking to update the mandatory community review time on proposals from 2 days to 4 days.

From A Guide to BancorDAO Due Process we have the following guidelines:

Mandatory Community Review Time

Before the proposal can be moved to Snapshot for voting, the proposal must be available for review by the community for at least 2 days 4 days; however, 3 days is standard. Therefore, the proposal should include a planned time and date for the vote to begin, and cannot be sooner than 2 days 4 days from the time of its publication. This is mandated by DAO policy, introduced by BIP3 :

BIP documentation must be available with sufficient time for consideration by a reasonable and intelligent person. Time sufficiency is commensurate with the complexity of proposal. Minor adjustments to the protocol parameters, required for maintaining the health of the system, are prioritized over time for community deliberation. Similarly, urgent matters requiring immediate action can expedite the sufficient time requirement. Any other proposal that is not of imminent importance to the continuity of the project is not exempted. Low-to-moderate levels of complexity must allow 2-3 days 4 days for community engagement before voting commences; moderate-to-high levels of complexity must allow 3-5 days 4-6 for community engagement before voting commences.

Edits are made in line as to what will change. This will update the existing guidelines that were set forth in BIP 3 (BIP3 Governance Changes: BIP documentation requirements, and new majority and quorum rules)

For illustration:

For: Update the mandatory community review time requirements from 2 days to 4 days
Against: Keep the existing mandatory community review time requirements

4 Likes

It has been roughly two weeks since this proposal was posted here. I haven’t seen any objections or comments and will schedule this for voting on 9/11.

1 Like