To pay out small efforts or proposals with only little fund requests they still need to reach a fixed quorum of 10% - no matter the amount of funding requested. This triggers slow reaction time and voter apathy of the community - where everyone needs to vote.
🦋 Desired Outcome
Let's build a conviction voting module for community treasuries allowing to adapt the quorum based on the amount requested. There will be no deadline or time constraints - conviction voting is a continuous voting mechanism that is passed once the "conviction" or relative quorum of funds requested is reached.
🎯 Action Points:
Research on how to implement in Habitat rollup - see research group at Common Stack. Coming up with an equation that balances funds requested and funds in the treasury - allowing smaller quorum for only small proposals.
⚡️ Challenge:
To pay out small efforts or proposals with only little fund requests they still need to reach a fixed quorum of 10% - no matter the amount of funding requested. This triggers slow reaction time and voter apathy of the community - where everyone needs to vote.
🦋 Desired Outcome
Let's build a conviction voting module for community treasuries allowing to adapt the quorum based on the amount requested. There will be no deadline or time constraints - conviction voting is a continuous voting mechanism that is passed once the "conviction" or relative quorum of funds requested is reached.
🎯 Action Points:
Research on how to implement in Habitat rollup - see research group at Common Stack. Coming up with an equation that balances funds requested and funds in the treasury - allowing smaller quorum for only small proposals.
🐇 Additional Information
More info about conviction voting: https://medium.com/giveth/conviction-voting-a-novel-continuous-decision-making-alternative-to-governance-aa746cfb9475
Please read the discussion on the github issue also.