Proposal Name: Establish bi-monthly AIP voting periods.
Proposal Category: Process
The current weekly voting system has significant disadvantages to both AIP authors and voters, particularly delegations. It is often quoted to be too short for AIP authors to adequately campaign for their AIPs, and for voters it has often been quoted to be too frequent.
Bored Club Canada being an active delegate, it is in our experience that the weekly voting is challenging to administer and we could be more efficient if we had more time for our delegates and authors. A bi-monthly (twice per month) voting period is also implemented by our DAO peers such as Arbitrum Foundation.
We propose moving to a bi-monthly (twice per month) voting period of 14 days each. Each voting period would commence for the First and Third Thursday of each month.
APE Foundation will still reserve the right to modify voting periods at its discretion (e.g. emergencies, risks to the DAO, etc.) with reasonable notice to the community and for non-AIPs (e.g. elections).
Benefit to ApeCoin ecosystem
Reduced Administrative Overhead: Weekly voting can lead to a significant administrative burden for managing the voting processes, tallying results, and coordinating activities. With fewer voting periods, there is less frequent overhead for both DAO administrators and delegations.
Time for In-Depth Deliberation: Having a bi-monthly schedule allows members more time to thoroughly research and discuss proposals. This can result in more informed decision-making, as members have the opportunity to delve into the details of proposals and engage in meaningful debates.
Encourages Long-Term Thinking: Bi-monthly voting encourages members to consider the long-term impact of decisions on the ApeCoin ecosystem.
Reduced Voter Fatigue: Frequent voting can lead to voter fatigue, where members become disengaged or less likely to participate due to the constant decision-making process. Bi-monthly voting can help maintain higher levels of engagement.
Supports More Comprehensive Proposals: In a bi-monthly system, members and proposers may have more time to develop comprehensive proposals, conduct audits, and gather feedback, resulting in more thought-out and refined proposals.
More Stable Decision-Making: Weekly voting might lead to frequent changes in the direction of the DAO, which can be disruptive. Bi-monthly voting can provide more stability, allowing decisions to be implemented before new ones are made.
Easier for Time Zones: DAOs often consist of members from around the world, and having a bi-monthly schedule may make it easier for participants from different time zones to participate without always having to be available for voting.
Steps to implement & Timeline
Voting periods commence the First and Third Thursdays of each month, effective January 1, 2024.