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

Modify ANC Parameters

Modify Borrow Interest

Last modified 11mo ago

Copy link

Outline