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Governance Parameters (TBC)

Up-to-date governance parameters

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Introduction

This page outlines the governance parameters for both on-chain and off-chain (Discourse / temperature check) governance. Note that although on-chain voting on Tally is weighted and requires delegation, the initial Discourse Poll, or temperature check, is not token weighted or gated by delegation.

On-chain

This section outlines the on-chain governance parameters for the HAI Governance smart contracts (managed via Tallyarrow-up-right). All parameters are displayed in the table below.

Execution Delay, Voting Delay, and Voting Period are based on the assumption of a 15 second block creation time on the Ethereum Mainnet.

HAI Governance inherits functionality from the OpenZeppelin GovernorSettings.sol modulearrow-up-right, allowing Voting Delay, Voting Period, and Proposal Threshold parameters to be updated through an on-chain governance proposal and voting process.

Parameter
Value

Voting Duration

17280 blocks (3 days)

Voting Delay

Execution Delay

172800 seconds (2 days)

Quorum Numerator

XXX% of KITE supply

Proposal Threshold

XXX

ds-pause timelock 2:1 day

  1. More votes are cast in favor than against.

  2. The total number of votes cast in favor is at least the following percentage of the votable tokens:

    1. 25% for an RFS HIP.

    2. 3% for a standard HIP.

A proposal passes if two conditions are met:

Kite allocation

  • 20% - Team & Advisors (10+ folks)

  • 20% - DAO Treasury

  • 20% - FLX incentive alignment

  • 40% - Community Incentives

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