VNP027 - Reduce voting time for governance transfers

🗳️ Governance Proposals Network Parameter Proposals
1

Title
VNP027 - Reduce voting time for governance transfers

Summary
Reduce the minimum voting time on governance transfers from 7 days to 3 days to allow the community to allocate funds from the CAF in a more timely manner. While the CAF has a relatively small number of tokens in it this is considered to be safe and allow for adequate time for community debate and voting. After more funds are deposited to the CAF we should consider changing this back to 7, or settling on a different longer value like 5 days, for example.

Full Proposal JSON:

{
    "batchProposalSubmission": {
        "rationale": {
            "title": "VNP-027 Reduce voting time for governance transfers",
            "description": "Change `governance.proposal.transfer.minClose` and `governance.proposal.transfer.minEnact` from `168h` to `72h` to reduce the voting time on governance transfers from 7 days to 3 days."
        }
    },
    "terms": {
        "changes": [
            {
                "enactmentTimestamp": 1713621600,
                "updateNetworkParameter": {
                    "changes": {
                        "key": "governance.proposal.transfer.minClose",
                        "value": "72h"
                    }
                }
            },
            {
                "enactmentTimestamp": 1713621600,
                "updateNetworkParameter": {
                    "changes": {
                        "key": "governance.proposal.transfer.minEnact",
                        "value": "72h"
                    }
                }
            }
        ],
        "closingTimestamp": 1713621600
    }
}
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