Sort out details of the updated proposal for GEPs and post – plus importance of GEPs #239

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mik-tf · 2024-08-07T14:44:17Z

mik-tf commented

2024-08-07 14:44:17 +00:00

Situation

We want to update the way we vote on the grid. We want 80% consensus, but we need to define this with the TF team: how do we proceed exactly?

Todo

Sort out details of the updated proposal for GEPs

Things to Look out

we don't want e.g. that 1 farmer can stop a GEP to be voted on since they have a lot of weight in the balance

Option

a given % is needed to pass the vote, not a minimum of voters

Be sure to include

The importance of participation: #240

# Situation We want to update the way we vote on the grid. We want 80% consensus, but we need to define this with the TF team: how do we proceed exactly? # Todo - Sort out details of the updated proposal for GEPs # Things to Look out - we don't want e.g. that 1 farmer can stop a GEP to be voted on since they have a lot of weight in the balance # Option - a given % is needed to pass the vote, not a minimum of voters # Be sure to include The importance of participation: https://git.ourworld.tf/tfgrid/circle_promotion/issues/240

mik-tf added this to the Aug 05 – Aug 18 project 2024-08-07 14:44:17 +00:00

mik-tf referenced this issue

2024-08-07 14:45:44 +00:00

Recent GEP which missed the threshold #226

gosam referenced this issue

2024-08-07 14:51:51 +00:00

Post on Importance to Vote on GEPs #240

mik-tf was assigned by gosam

2024-08-09 07:47:08 +00:00

gosam commented

2024-08-09 07:48:25 +00:00

This is to be discussed amongst the development stakeholders next week. @mik-tf @scott please update here when there is news and we can communicate it. I would suggest to combine this with #240.

scott was assigned by gosam

2024-08-09 07:49:00 +00:00

mik-tf modified the project from Aug 05 – Aug 18 to Aug 19 - Sep 01

2024-08-19 15:22:39 +00:00

gosam commented

2024-08-22 07:38:36 +00:00

Via Karoline:

"Kristof, Sabrina and Thabet talked and Thabet will share suggestions from Kristof in the development group. After that it can be decided how/when to do the call instead (tmr with main dev. stakeholder call) or seperate on Thursday) Thanks"

Via Karoline: "Kristof, Sabrina and Thabet talked and Thabet will share suggestions from Kristof in the development group. After that it can be decided how/when to do the call instead (tmr with main dev. stakeholder call) or seperate on Thursday) Thanks"

gosam commented

2024-08-29 12:56:14 +00:00

@mik-tf @scott Can you please share the agreed-upon details so we can write the post and share with stakeholders?

mik-tf commented

2024-08-30 17:57:22 +00:00

"Instead of focussing on weighted votes of farmers, we'll open the votes for everyone who has TFT on TFChain. The more TFT you have on there, the more weight your vote has. This is how most blockchains already use DAOs.

Over 60% of weighted votes are positive => DAO passes
At least 10 votes received
Voting will be possible through the app as well (coming tbd)
- Note that it is also possible to use the Dashboard on a smartphone. Thus people can already vote on their smartphone. That being said, using the TF Connect app to vote will be much simpler."

Will write here if there is more info.

Re: timing, we will always try to give a maximum amount of time (e.g. 10 days to two weeks) but of course there may be exceptions. (?)

"Instead of focussing on weighted votes of farmers, we'll open the votes for everyone who has TFT on TFChain. The more TFT you have on there, the more weight your vote has. This is how most blockchains already use DAOs. - Over 60% of weighted votes are positive => DAO passes - At least 10 votes received - Voting will be possible through the app as well (coming tbd) - Note that it is also possible to use the Dashboard on a smartphone. Thus people can already vote on their smartphone. That being said, using the TF Connect app to vote will be much simpler." Will write here if there is more info. Re: timing, we will always try to give a maximum amount of time (e.g. 10 days to two weeks) but of course there may be exceptions. (?)

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gosam changed title from ~~Sort out details of the updated proposal for GEPs~~ to Sort out details of the updated proposal for GEPs and post – plus importance of GEPs

2024-09-02 07:23:07 +00:00

gosam modified the project from Aug 19 - Sep 01 to Sep 02 – Sep 15

2024-09-02 07:24:21 +00:00

gosam commented

2024-09-02 15:51:02 +00:00

Scott and Mik will bring it up in their meeting on Wednesday:

Put it out as a request for comment, get some feedback on voting period.

Meanwhile check in on development time of getting the new system in place and agree on some high-level timing.

What about the problem with keeping TFT on chain.

Scott and Mik will bring it up in their meeting on Wednesday: Put it out as a request for comment, get some feedback on voting period. Meanwhile check in on development time of getting the new system in place and agree on some high-level timing. What about the problem with keeping TFT on chain.

mik-tf commented

2024-09-02 15:51:23 +00:00

ThreeFold GEP on GEP Voting Process

Instead of having votes based on nodes in a farm, now we will have that everyone who has TFT on TFChain mainnet wallet can vote
The more TFT you have in your TFChain wallet on the mainnet, the more weight your vote has
Over 60% of weighted votes are positive => DAO passes
Minimum vote for the GEP to be eligible: 10 votes
Voting will be possible through the app as well (coming TBD)
- Note that it is also possible to use the Dashboard on a smartphone. Thus people can already vote on their smartphone. That being said, using the TF Connect app to vote will be much simpler."
We do not set a voting period per se, but it will be in general 10 days of voting period. This can be a shorter period if we need a vote to be done quickly, and in some situation we may leave more days to vote, e.g. 14 days, for votes during e.g. holidays

# ThreeFold GEP on GEP Voting Process - Instead of having votes based on nodes in a farm, now we will have that everyone who has TFT on TFChain mainnet wallet can vote - The more TFT you have in your TFChain wallet on the mainnet, the more weight your vote has - Over 60% of weighted votes are positive => DAO passes - Minimum vote for the GEP to be eligible: 10 votes - Voting will be possible through the app as well (coming TBD) - Note that it is also possible to use the Dashboard on a smartphone. Thus people can already vote on their smartphone. That being said, using the TF Connect app to vote will be much simpler." - We do not set a voting period per se, but it will be in general 10 days of voting period. This can be a shorter period if we need a vote to be done quickly, and in some situation we may leave more days to vote, e.g. 14 days, for votes during e.g. holidays

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mik-tf commented

2024-09-09 14:47:34 +00:00

@gosam the comment above is OK.

gosam commented

2024-09-09 15:38:10 +00:00

Let's coordinate with Sabrina on the GEP. cc: @Amanda

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mik-tf commented

2024-09-10 14:19:05 +00:00

I remembered we wanted to check if we should implement a minimum period that TFT must be in the account to be eligible to vote.

e.g. the TFChain account on mainnet holding TFT
- only the TFT in the wallet for the past month will be eligible to vote (the period of time can be discussed)
- this is in par with the industry: staking must be held in wallet for a given period of time
- this avoids people buying lots of TFT to vote then dumping it.

Not saying we should do it, but we should discuss if we should do it!

@scott
@sabrinasadik
We could discuss this on the next meeting.

I remembered we wanted to check if we should implement a minimum period that TFT must be in the account to be eligible to vote. - e.g. the TFChain account on mainnet holding TFT - only the TFT in the wallet for the past month will be eligible to vote (the period of time can be discussed) - this is in par with the industry: staking must be held in wallet for a given period of time - this avoids people buying lots of TFT to vote then dumping it. Not saying we should do it, but we should discuss if we should do it! @scott @sabrinasadik We could discuss this on the next meeting.

gosam commented

2024-09-11 14:25:32 +00:00

Drafts are here:

https://docs.google.com/document/d/1Ovi2ecDI2G75CecLr2tKs7W5a69Ntxo-9F-qaVW7kFI/edit#heading=h.kyru52g80m08

Some comments from Sabrina and Lee need to be checked by @mik-tf and @scott

And then @Amanda we need to agree on how to post. I feel like they can be in the same news update, but two separate posts on the forum.

@mik-tf I believe we agreed to leave out the above comment for now, correct?

Drafts are here: https://docs.google.com/document/d/1Ovi2ecDI2G75CecLr2tKs7W5a69Ntxo-9F-qaVW7kFI/edit#heading=h.kyru52g80m08 Some comments from Sabrina and Lee need to be checked by @mik-tf and @scott And then @Amanda we need to agree on how to post. I feel like they can be in the same news update, but two separate posts on the forum. @mik-tf I believe we agreed to leave out the above comment for now, correct?

gosam commented

2024-09-12 06:21:38 +00:00

This requires a discussion amongst the group, should happen today.