On-chain Voting Information

After a proposal has been created on-chain it is subject to a Timelock Duration, Voting Periods, and Quorums. The initial governance (GSC, voting, delegation, etc) parameters can be found below.

Important Note: All parameters described below may be changed by the governance community through a proposal and vote.

Governance Parameters

Parameter	Short Description	Value / Voting Power	% of Total Voting Power
Quorum	The required minimum number of voting power in support of a proposal for it to succeed.	1.1 million	1.1 million
Proposal threshold	The amount of voting power needed to submit a governance proposal on-chain.	55 thousand	0.45% (1/20th of Quorum)
Timelock Duration	The timelock is a speed bump for calls. It requires calls to wait for a defined period before they can be executed. After a call is registered, the call can be removed during the waiting period, and an authorized address can extend the waiting period only once.	604800 seconds	N/a
Voting Period	The total voting period in which votes can be cast. [Minimum voting period][extra voting period] is the layout of the total time for voting.	51968 blocks (~8 days)
Minimum Voting Period	The minimum time before a vote can be executed.	19488 blocks (~3 days)	N/a
Extra Voting Period	The time beyond the minimum time period in which votes can be cast.	32480 blocks (~5 days)	N/a
Vesting Vault Token Multiplier	The multiplier for voting power on the vesting vault. The vesting vault allows locked / vesting positions to still have voting power in the governance system and does so by using a defined multiplier for the vested tokens over unvested.	5%	N/a

GSC-Only Parameters

Parameter	Short Description	Value	% of Total Voting Power
GSC Proposal Threshold	The amount of GSC members needed to propose a GSC vote on-chain.	1	Undetermined
GSC Delegation Threshold	A threshold of delegated voting power, giving delegates a seat on the GSC. This comes with additional governance powers within the system, and as a result, additional responsibilities.	110 thousand	0.90% (1/10th of Quorum)
GSC Quorum	The required minimum number of GSC members needed to support a proposal for it to succeed.	3	N/a