AIP-582: ApeChain, On-chain – ApeCoin DAO Governance Revamp

[bigbull]

Nice work to review this.

@Ape.Admin

1. In the case of a:

• Constitutional AIP, at least 5% of all Votable Tokens have casted votes either “in favor” or “abstain”; or
• Non-Constitutional AIP, at least 3% of all Votable Tokens have casted votes either “in favor” or “abstain” (collectively, “Threshold 2”).

Small adjustment, it actually would include abstain in the total.

@ernestlee

and that at least 3% or 5% or all Votable Tokens for “in favor” during the final on-chain voting.

It is interesting to see what could pass in terms of Constitutional votes.
32.5M in favour or abstain as a min.

Also this shows how they define Circulating supply. @ernestlee @furiousanger

What is the token circulating supply? | Arbitrum DAO - Governance docs

Note the numbers suggested by Waabam line up to here.

To submit a temperature check using a Snapshot poll, you must have an Ethereum wallet address with 500,000 votable tokens1; to submit a proposal on-chain using Tally, you must have an Ethereum wallet address that represents at least 1,000,000 votable tokens.

How to submit a DAO proposal | Arbitrum DAO - Governance docs

I actually suggested something similar back in August, but with different amounts.

Reform of the Voting Systems in the ApeCoin DAO

Below are some ideas based on what other leading DAOs are already doing. Also, I think we need to think how the DAO wide elected Stewards can play an important role in this process. Function of Stewards Suggest a new model of compensation for Stewards that will have a part of compensation in USDT and part in APE that is vested over 1 year, but the voting weight is immediately given via Hedgey Finance, see info Hedgey Vesting. This will enable Stewards to have sufficient APE voting power to b…

@bigbull

Potential New Structure - Model A:

Criteria	AIP - Ops / Temp Check Proposals	Executable Proposals
Type of proposal	Offchain	Onchain
Location	Snapshot	TBC https://www.tally.xyz/gov/apecoin
Function	Changes to process or working groups, Temp Checks	Distribution of Funds
Minimum threshold to propose	$100,000 APE	$1,000,000 APE
Quorum	≥ 10m $APE, 50% Approval for Grants funding, 66% for Constitutional changes	≥ 15m $APE*, 50% Approval (Votes ‘For’ + Abstain count towards quorum)
Voting period	TBC 6 days	TBC 7 days
Subject to time-lock?	No	Yes, 3 day time lock

@bigbull

Type of proposal	Quorum	Abstain included
Constitutional	1.5%	N
Ops - Budget	1%	N
Temperature Check	1%	N
Executable	1.5%	Y

Also included is a summary of a detailed FAQ.

@SmartAPE

As per above, a new Discourse category called “Job Description” related to either a work for hire request or an RFP so that the DAO community can have the opportunity to participate in such hiring opportunities.

Also, do you think that the Security Council comes under the definition of work for hire?