Governmental Structure Change for Cabin: Quorum voting requirements for large money DAO Proposals

đź’ˇ Open Discussion
3

Thanks for bringing this up @OregonScott & @Ktando. I agree.

Historical Snapshot participation (58 past proposals):

Summary stats:

  • Median turnout: ~27% of circulating supply
  • Recent proposals averaging 15-20%
  • Multiple $100K+ proposals passed with <15% participation from token holders

From the data, the two recent major proposals highlight low participation:

Cabin Labs Proposal (Oct 2023):

  • Total participation: 17,941.01 ₡ABIN (~4.2% of circulating supply)
  • Budget: $396,000 USDC + 12,600 ₡ABIN

Technical Needs Proposal (Jan 2024):

  • Total participation: 14,447.53 ₡ABIN (~3.4% of circulating supply)
  • Budget: $200,000 USDC + 2,400 ₡ABIN

The two largest and most recent proposals allocated significant treasury funds (~$500K) but had under 5% participation from circulating supply holders.

Current NAP proposal (voting ends Nov 27th @ ~5pm PST):

  • 19 voters representing ~12K ₡ABIN
  • Represents only 2.8% of circulating governance token supply (excluding DAO treasury holding of 573,749 ₡ABIN) as of me writing this on 2024-11-25 at 12:25pm PST
  • Many voters appear to be recent NAP participants, likely due to new in-app voting integration and direct motivation to vote from messages to NAP stewards in the closed telegram group chats
  • No social/newsletter announcements about the vote being live from Cabin’s social channels, reflecting potentially only targeted outreach to NAP members and internally aligned stakeholders. No a post in the Discord #announcements channel to amplify the opportunity to vote.
  • The proposal was edited, and then live for voting the next day. I’d love to see time for review after any final edits are made, along with a call to announce voting is live and field any final chances for discussion, as many topics like DEI were left unaddressed from the prior recorded call on the proposal.

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(Median Historical participation = 27% | Recent Avg = 17.5% | NAP proposal as of 2024-11-25 @ 12pm PST = 2.8% of circulating governance token supply)

Next steps?

While the NAP vote shows promising engagement and in-app voting is a great improvement, we’re still far from broad participation across token holders. A formal governance improvement proposal could help standardize outreach and establish appropriate quorum requirements.

Happy to help draft something for review and input that addresses both participation thresholds and communication standards if anyone wants to collab on this as a formal DAO proposal.

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