Increase Voting Period to 5 days
Voting period
Vote distribution
Details
Description
Voting Yes to this proposal raises the governance parameter Voting_Period to five days./n/nVoting No to this proposal causes the governance parameter Voting_Period to remain at three days./n/nBackground/nThree day voting periods have enabled rapid change, something integral to the experimental spirit of Osmosis. The short voting period allows patches to be deployed rapidly, rapid iteration of proposals to find an acceptable choice as well as the incentives allocated to pools to be adjusted in response to recent volume changes. However, the submission of a proposal to chain sparks debate from those who may not have had the opportunity to feedback on the proposal's wording and intent due to other commitments. The three day voting period gives a sense of urgency to debate with voters potentially unable to impartially weigh both sides. This is further exacerbated by proposals which are put to chain on the weekend which minimises the work days that validators and delegators have to research and discuss whilst on chain. Proposals posted on commonwealth often have issues that appear when exposed to this wider audience that need to be resolved./nThere is a github issue that would allow the best of both worlds, but this takes time to develop from an already busy development schedule. https://github.com/osmosis-labs/osmosis/issues/567/nRaising the voting time from a three day period to a five day period will allow more thorough discussion to occur on proposals put on chain in exchange for lowering the speed of governance changes on Osmosis./n/nCommonwealth Post: https://commonwealth.im/osmosis/discussion/3929-proposal-increase-param-voting_period-to-5-days
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