Simplify the voting process to improve operational efficiency
Although the decentralized governance is well-intentioned, but the voting process is too complicated, the crypto market is changing extremely fast. Under the condition of allowing most investors to participate the governance, we should simplify the voting process in order to improve operating efficiency. And avoid missing any opportunities.
Yam’s current proposal process needs to go through forums, snapshots, and online voting. Some proposals take nearly a month to finish the process. Although cautious is necessary though, they may not meet the rapidly changing market or miss some opportunities. On the other hand, there are too many forum proposals. There obviously exits a quality gap, that makes all of us waste a lot of time.
- Simplify the process: the forum is fixed for three days + snapshot voting is the shortest two days and the longest three days, and on-chain voting needs to be abolished.
The forum is mainly to collect public opinions and is also the preliminary evaluation process of the proposal. After several months of inspection, the number of people who will participate in the voting is generally 20-30, and the maximum number of people will not over 60. Some proposals will show stagnant after the third day, so an evaluation period of up to three days should be sufficient. Since the forum voting in the first stage has been discussed and enough time to vote, the snapshot voting in the second stage does not require more time,. It would be proper for minimum 48 hours and maximum 72 hours. According to experience, in the third stage of on-chain voting, participation is generally not active, and gas fees are required. Small investors have no intentions, so this third stage should be abolished. For brainstorming activities other than proposals, there is no time limit. The simplified proposal process can be fast completed in five days, which is the efficiency of dao.
- Proposal management: We certainly hope that the team and the community can put forward more useful proposals to enhance the competition ability of Yam, but in fact, the quality of some proposals did not meet the standard specifications, which makes the community unable to understand its true ideas, neither can convince others. These proposals and those old that have not passed the voting should be concentrated together in the “storage area”, not to interfere normal and effective proposals.
Poll to Measure Sentiment