We are on the precipice of pushing through KIP-0. While this milestone is noteworthy in the history of this DAO it is important to continue to iterate further on our governance model to close consensus as fast as possible. Currently, the lifecycle of a proposal is as follows, crowd consensus onto Sophon consensus and finally token holder consensus. Token holder consensus currently takes 7 days to finalize with the absence of significant objections. My proposal aims to reduce this time spent on Token holder consensus based on community participation.
The inspiration for this proposal is from traditional governance in the US wherein the senate legislation is debated through something called a filibuster. In the event, most of the seat is from the same party they are considered to have a filibuster-proof majority meaning that legislature proposed by the party cannot be debated and senators are forced to vote if imposed on. This approach could be applied to token holder consensus where if the on-chain data suggest that most historical governance participants have participated and there is a negligible or absent objection then the KIP can be expedited to 36h after the “filibuster-proof majority” has been recognized with 0% of the votes objecting or a 72h time horizon with <1% objections. This proposal would only take effect after 5 KIP’s have been passed to be able to gauge who participates in governance and how many tokens are used in voting.
The limitation of this proposal stems from potential objections not being voiced due to the reduced time for token holder consensus. While this risk is always going to be present regardless of the timeframe used, the flexible time buffer of 36-72h depending on objections and the need for majority consensus to already be present limits the prevalence of situations like these.