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Songbird Governance Proposals


ftso_au
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The first governance proposal should be released in the coming days, with the governance portal up next week and the vote sometime after. The second proposal will be released soon.

Both proposals are designed to improve the system and (if passed) will mean providers can spend more time building tools and other products, to benefit the community … as opposed to forever fine tuning algo’s, and competing on the 5th decimal place, in order to get paid.

I’m sure there’ll be plenty of debate on both proposals, as they’re released.

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STP_01 is now available. The governance portal is due for release this week.

With regards to the acceptance / rejection;

Rejection requires more than 50% of votes against and 75% participation of the SGB circulating supply.

https://github.com/flare-foundation/governance-proposals/blob/main/STP/STP_1.md

 

 

 

 

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  • 2 weeks later...
56 minutes ago, BillyOckham said:


Do delegated tokens vote as the FTSO decides? 
 

No, it’s a separate vote. If you remember, it was described as two detachable votes, one FTSO, one Governance.

The only vote a data provider has, is by wrapping their own stash and voting, any delegation VP we have, counts for nothing.

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I like this from point 10 of the FAQ:

Quote

Unless evidence shows that a proposal, the voting process, or both were manipulated, the Flare Foundation will implement every accepted proposal.

Well since the proposal to steal 85% of the FLR airdrop from the XRP Snapshot holders is both a manipulated voting process and proposal there is still a chance the Flare Foundation wont implement such nefarious actions, right?

 

Award Show No GIF by Robert E Blackmon

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