ATX DAO V2 - pt. 3: Proposal Guidelines and Quorum

SamPadilla

Working doc

Establish the following proposal rules and quorum:

1. Any DAO member can submit a proposal for voting. Establish a quorum for all proposals of 24 ATX.

1.1 Note: Some genesis members have 2 ATX (since they have two NFTs), so quorum will be in function of the total supply of ATX, not unique wallet addresses.

1.2 Proposals must be first posted on freeflarum and stand community scrutiny and feedback for 5 days.

1.3 After the minimum 5 days of scrutiny, the adjusted proposal should go on snapshot by the following Friday.

1.4 Proposals will be discussed on the following Monday’s weekly meeting and voting ends on the following Wednesday.

See Part 1 for the rationale.

realitycrafter

Could we establish the quorum as a percentage of members so that we don't need a fresh proposal after new membership rounds?

SamPadilla

realitycrafter

I like the spirit of this thought, though I would stand against it, as it is hard to predict the level of engagement of a new membership round.

x% of a community of 100 people is much different than x% of a community of 1,000 people. And I just want to be cautious of not locking the DAO into a quorum-induced death.

I see no problems with creating a new proposal to update the quorum after a new membership round.

MeganKay

SamPadilla I think Jesse is onto something here and in our operating agreement, we should also define things that need to be voted on / revised annually. I think a review of the operating agreement, and the established quorum, are two good concepts to include. I'm sure you can think of more too!

SamPadilla

MeganKay Certainly!

The way I see it, a lot of these governance processes we are establishing will need to be baked into the operating agreement.

MeganKay

SamPadilla Yes it will! Structure for this kind of stuff isn't a bad thing.

brennanmulligan

Are we commiting to keeping ATX DAO events as the wrapper? I’m still worried that this leaves us open to having non events activities interpreted as a general partnership, as it is clear that the events llc was never intended to wrap all dao operations. https:/wrappr.wtf is a lex dao / kali dao product that would let us mint an UNA operating agreement as an nft which could be owned by a multisig. this is probably also worth spending the money for a legal consult from lex dao or someone with sufficient expertise in the available options

512mace

brennanmulligan the brief research I did on UNAs made me pretty excited about them. Seemed fairly applicable. The idea of minting an operating agreement is also fun.

Would it be weird if we warp ourselves as an UNA even though we are working on the LLC legislation project?

brennanmulligan

No especially since we are positioning ourselves primarily as a public good for the city and have a clearly stated not for profit mission

Ruwan

I’m for making a quorum as a percentage of the DAO as opposed to a fixed number. I also think the current amount is too low for all proposals. 24/163 = 14.7% quorum. It also means that 12 people out of 151 people could pass measures in the DAO.

The other parts of the proposals, parts 1 and 2, aim to try and stimulate more participation in the DAO. A lower quorum doesn’t achieve that goal. Voting is the greatest utility of holding the NFT and being part of the DAO. More activity in governance is something we should aim towards and have in the governance design.

Some adjustments to this quorum proposal could be:

Starting with a lower quorum and ramping it up every epoch.
Having different quorum thresholds for various proposals or ones requiring different amounts of money from the treasury.
A system to delegate votes to achieve a higher quorum.