After a proposal has been created on-chain it is subject to a Timelock Duration, Voting Periods, and Quorums. The initial governance (GSC, voting, delegation, etc) parameters can be found below.
Important Note: All parameters described below may be changed by the governance community through a proposal and vote.
Last updated
| Parameter | Short Description | Value / Voting Power | % of Total Voting Power |
|---|---|---|---|
| Parameter | Short Description | Value | % of Total Voting Power |
|---|---|---|---|
Quorum
The required minimum number of voting power in support of a proposal for it to succeed.
1.1 million
1.1 million
Proposal threshold
The amount of voting power needed to submit a governance proposal on-chain.
55 thousand
0.45% (1/20th of Quorum)
Timelock Duration
The timelock is a speed bump for calls. It requires calls to wait for a defined period before they can be executed. After a call is registered, the call can be removed during the waiting period, and an authorized address can extend the waiting period only once.
604800 seconds
N/a
Voting Period
The total voting period in which votes can be cast. [Minimum voting period][extra voting period] is the layout of the total time for voting.
51968 blocks (~8 days)
Minimum Voting Period
The minimum time before a vote can be executed.
19488 blocks (~3 days)
N/a
Extra Voting Period
The time beyond the minimum time period in which votes can be cast.
32480 blocks (~5 days)
N/a
Vesting Vault Token Multiplier
The multiplier for voting power on the vesting vault. The vesting vault allows locked / vesting positions to still have voting power in the governance system and does so by using a defined multiplier for the vested tokens over unvested.
5%
N/a
GSC Proposal Threshold
The amount of GSC members needed to propose a GSC vote on-chain.
1
Undetermined
GSC Delegation Threshold
A threshold of delegated voting power, giving delegates a seat on the GSC. This comes with additional governance powers within the system, and as a result, additional responsibilities.
110 thousand
0.90% (1/10th of Quorum)
GSC Quorum
The required minimum number of GSC members needed to support a proposal for it to succeed.
3
N/a
