VBP5 - Modify governance vote thresholds

🗳️ Governance Proposals Batch Proposals
1

Having observed how governance of the vega network has evolved we propose the following adjustments which should make the governance process more responsive while maintaining overall governance oversight.

Proposal JSON:

{
  "batchProposalSubmission": {
      "rationale": {
          "title": "VBP4 - Update governance parameters",
          "description": "Having observed how governance of the vega network has evolved we propose the following adjustments which should make the governance process more responsive while maintaining overall governance oversight."
      },
      "terms": {
          "closingTimestamp": "1710162000",
      "changes": [
      {
          "enactmentTimestamp": "1710162000",
          "updateNetworkParameter": {
            "changes": {
              "key": "governance.proposal.market.minProposerBalance",
              "value": "5000000000000000000000"
            }
          }
        },
        {
          "enactmentTimestamp": "1710162000",
          "updateNetworkParameter": {
            "changes": {
              "key": "governance.proposal.updateMarket.minProposerBalance",
              "value": "5000000000000000000000"
            }
          }
        },
        {
          "enactmentTimestamp": "1710162000",
          "updateNetworkParameter": {
            "changes": {
              "key": "governance.proposal.updateNetParam.minProposerBalance",
              "value": "5000000000000000000000"
            }
          }
        },
        {
            "enactmentTimestamp": "1710162000",
            "updateNetworkParameter": {
                "changes": {
                    "key": "governance.proposal.updateMarket.minProposerEquityLikeShare",
                    "value": "0.05"
                }
            }
        },
        {
            "enactmentTimestamp": "1710162000",
            "updateNetworkParameter": {
                "changes": {
                    "key": "governance.proposal.updateMarket.requiredMajority",
                    "value": "0.75"
                }
            }
        },
        {
            "enactmentTimestamp": "1710162000",
            "updateNetworkParameter": {
                "changes": {
                    "key": "governance.proposal.updateMarket.requiredMajorityLP",
                    "value": "0.75"
                }
            }
        },
        {
            "enactmentTimestamp": "1710162000",
            "updateNetworkParameter": {
                "changes": {
                    "key": "governance.proposal.updateMarket.requiredParticipation",
                    "value": "0.02"
                }
            }
        },
        {
            "enactmentTimestamp": "1710162000",
            "updateNetworkParameter": {
                "changes": {
                    "key": "governance.proposal.updateMarket.requiredParticipationLP",
                    "value": "0.02"
                }
            }
        },
        {
            "enactmentTimestamp": "1710162000",
            "updateNetworkParameter": {
                "changes": {
                    "key": "governance.proposal.updateNetParam.minClose",
                    "value": "72h"
                }
            }
        },
        {
            "enactmentTimestamp": "1710162000",
            "updateNetworkParameter": {
                "changes": {
                    "key": "governance.proposal.updateNetParam.minEnact",
                    "value": "72h"
                }
            }
        }
      ]
    }
  }
}
2 Likes
2

This looks good to me, the vote types with lower participation thresholds seem to have been working well.

1 Like