Governance Module Upgrade: Expedited Proposals
passed
Expected result
Passed
Turnout / Quorum
49.92% / 20.00%
Voting period
Voting ended100.0%
Voting start 2022.07.14 at 14:09:04
Voting end 2022.07.19 at 14:09:04
Vote distribution
96.53%
99 903 116 osmo
Yes
1.06%
1 099 633 osmo
No
0.01%
12 128 osmo
Veto
2.40%
2 483 078 osmo
Abstain
Details
Proposer
-
Total deposit
500 osmo
Submit time
2022.07.14 at 13:57:24
Deposit end time
2022.07.28 at 13:57:24
Description
- By voting Yes, you agree to the governance module changes listed below, allowing them to be enabled during the next upgrade.\n\n* By voting No, you reject the below changes to enable the expedited proposals during the next upgrade.\n\n## Background\nThis is a proposal to introduce changes to the governance module and allow any future proposal to be expedited similar to the method of Prop 225. This will give Osmosis governance built-in flexibility to act quickly in the case of emergencies.\n\n## Details\nWith this feature enabled, a proposer can flag any proposal as Expedited when putting it on-chain.\n\nIf expedited, the deposit to enter voting period will be increased to 5000 OSMO. The proposal will have 24 hours to achieve a two-thirds majority of all staked OSMO voting power voting YES.\n\nIf it achieves that two-thirds majority within that time, it will be considered to have passed.\n\nIf it does not achieve the two-thirds majority within 24 hours, it will be converted to a normal proposal and run for the rest of the normal proposal period under normal rules. (If it is vetoed, even after having been converted to a normal proposal, the proposer will still lose the entire 5000 OSMO deposit.)\n\n## Implementation\nThese changes will be effected by implementing the two Github repositories linked here. \n\n1) The original feature and spec can be found here.\n\n2) Based on the feedback from Commonwealth, the functionality for configuring a separate, higher deposit has been added. 5,000 OSMO (as above) will be the initial parameter.\n\n## Potential Parameter Changes for Future Governance \nThe enlarged proposal deposit can of course be changed by a DAO vote. Likewise, further safety guards can and should be discussed in future threads and proposals. \n\nThese heightened safety guards might include requiring more than a two-thirds threshold to approve an emergency proposal, or they might require an additional delay, such as a longer-than-24-hour voting period for less acute emergencies. Further, governance could add a built-in implementation delay, during which voters could change their votes as the emergency evolved or as new information and perspectives came to light, particularly if it became apparent that the expedited proposal had been subject to a governance attack.\n\nCommonwealth Thread: https://gov.osmosis.zone/discussion/5035-governance-module-upgrade-twothirds-majority-emergency-voting-periods-24hr
Votes
Voter
Answer