As many of you know, we’ve begun testing out Solana Labs governance program
We’ve started a vote to see how much GRAPE is active for voting. This will help us set a quorum that is realistically achievable, yet not too low that any vote can pass without proper concensus
You can find the vote here
We have taken a unique approach to governance here; one that hopes to emulate our existing DAO application and subDAO structures. This is different than most other DAOs as they are purely plutocratic and use community tokens only to make votes. Here, we aspire to assign the Council tokens to highly active members and then use a separate activity metric to add more voted weighting to the community tokens. In the short-term, this activity metric does not exist and we rely on the Council token even more.
There are 2 tokens in this system – a Council token and a Community token. GRAPE is the community token
Council token members = people who can make draft proposals, and vote on council proposals
Community token members = people who can vote on community proposals
Council proposals = changes to proposal process, addition/removal of council members, and creation of community proposals
Community proposals = control of treasury wallet
Discussions for proposals happen in discourse
Council members discuss proposals - then require a minimum of X council tokens to create a community vote
THINGS TO DISCUSS MORE -
The Council token cannot be revoked or clawed back. If we keep this model, we need a way to incentivize a Council token holder to return it when they are no longer active. If a large portion of Council token holders go inactive, it would be impossible to reach quorum.
How can we allocate Council tokens and how would we get them back?
Right now we see 1.5 million GRAPEs for votes. IMO that is a huge win for decentralization, but also a concern that such a small amount is currently active. It could be an issue later when the remaining GRAPE becomes active. What do we set our current quorum to?
I have my own opinions on the above - but in the effort to not influence discussion ill share more on those later