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  1. Governance (Protocol)
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  3. Element Governance Proposal Framework

Off-chain Voting Information (Snapshot)

Important Note: All parameters described below may be changed by the governance community through a proposal and vote.

  • Vote for free (gasless)

  • Votes are signed messages easily verifiable online

Parameter

Short Description

Value

Voting delay

The number of seconds between the creation of a proposal and when voting can start for said proposal

0

Voting period

The duration of a proposal in days

5 days

Quorum

The required minimum number of voting power in support of a proposal for it to succeed.

1.1 million (Voting Power)

Voting Type

The type of voting system used for participating in off-chain polling.

Single Choice Voting (YES or NO)

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Last updated 10 months ago

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