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