Governance Parameters (TBC)

Up-to-date governance parameters

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 Tally). 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 module, allowing Voting Delay, Voting Period, and Proposal Threshold parameters to be updated through an on-chain governance proposal and voting process.

ParameterValue

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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