Modify Governance Parameters

This poll type is yet to be supported by the official Anchor WebApp.

The Modify Governance Parameters poll types allows for the creation of polls that alter Anchor governance-related parameters.

In order for a poll to pass, the poll must reach the Quorum and Vote Threshold. Quorum is the required minimum voter turnout for this poll, where more than Quorum portion of all staked ANC should have voted for this poll, whether the vote is yes or no. Vote Threshold is the required minimum percentage of yes votes required for the poll to pass.

Votes can be cast to a poll only during the Voting Period since poll creation. To prevent fluctuations in the total amount of staked ANC from affecting a poll's Quorum calculation, users can snapshot the the current amount of staked ANC for the poll. The snapshot can occur within a Snapshot Period time (number of blocks) window before the poll's end, where votes made within this period automatically trigger the snapshot. Quorum calculation for the poll is done using the snapshotted staked ANC amount and not the amount of staked ANC at the end of the poll.

Proposals that have passed and is past the Expiration Period after its end can be set to an expired state, allowing the WebApp to improve the visibility of ongoing polls by filtering out proposals that have already passed.

Passed proposals that include a governance message (used to updated protocol parameters) require a Timelock Period of time before the included message can be executed. This is to give Anchor users enough to prepare for the changes introduced by the poll.

All poll submissions require a minimum ANC deposit of Proposal Deposit, used to prevent excessive poll creation. This deposit is returned to the poll submitter if the poll passes.

Parameter Name

Description

Quorum

Minimum voter turnout required for a poll to pass

Vote Threshold

Minimum percentage of yes votes required for a poll to pass

Voting Period

Poll voting period

Snapshot Period

Window of time (number of blocks) allowed for staked ANC amount snapshotting before poll end

Expiration Period

Time delay (number of blocks) after which an passed poll can be expired

Timelock Period

Number of blocks required after a poll pass before executing changes

Proposal Deposit

Minimum ANC deposit required for submitting a new poll

Parameter Values

Up-To-Date

Parameter Name

Human-Readable Value

Raw Value (In Contract State)

Quorum

10%

0.1

Vote Threshold

50%

0.5

Voting Period

7 days

94097 (blocks)

Snapshot Period

1 day

13443 (blocks)

Expiration Period

1 day

13443 (blocks)

Timelock Period

3 days

40327 (blocks)

Proposal Deposit

1,000 ANC

1000000000 (uANC)

At Protocol Genesis

Parameter Name

Human-Readable Value

Raw Value (In Contract State)

Quorum

10%

0.1

Vote Threshold

50%

0.5

Voting Period

7 days

94097 (blocks)

Snapshot Period

1 day

13443 (blocks)

Expiration Period

1 day

13443 (blocks)

Timelock Period

3 days

40327 (blocks)

Proposal Deposit

1,000 ANC

1000000000 (uANC)

Poll Format

Field

Description

Optionality

Title

Poll title

Required

Proposale Rationale

Short description of poll rationale

Required

External Link

External URL for further information

Optional

Quorum

Proposed minimum voter turnout required for a poll to pass

Optional

Vote Threshold

Proposed minimum percentage of yes votes required for a poll to pass

Optional

Voting Period

Proposed voting period for polls

Optional

Snapshot Period

Proposed time window before poll end in which the staked ANC amount can be snapshotted

Optional

Expiration Period

Proposed time delay (number of blocks) after which an passed poll can be expired

Optional

Timelock Period

Proposed time delay (number of blocks) required after a poll pass before executing changes

Optional

Proposal Deposit

Proposed minimum ANC deposit required for submitting a new poll

Optional

Last updated