Hi @everyone, ZenIP 42401 proposes lowering the thresholds required for both submitting and achieving a quorum of votes for technical and non-technical improvement proposals.
Voting goes live on 3/12/24 at 12pm EST and ends 3/15/24 at 12pm EST, learn more about this proposal in our blog: ZenIP 42401 - Updating Proposal and Quorum Thresholds - Horizen Blog
These changes would increase accessibility for community members to put forth proposals and would bring quorum requirements in line with the broader web3 industry standards.
Please note that these proposed changes apply to both ZenIPs and EONIPs.
This ZenIP proposes the following changes to the thresholds:
Technical:
-Submit proposal for vote: 100,000 $ZEN held or delegated (vs. 200,000 $ZEN currently)
-Vote quorum: 5% of circulating supply participating (vs. 10% currently)
Non-Technical:
-Submit proposal for vote: 25,000 $ZEN held or delegated (vs. 100,000 $ZEN currently)
-Vote quorum: 3% of circulating supply participating (vs. 5% currently)
ZenIPs are for the community to approve or decline. We encourage you to join the discussions here on Discord, Discourse, and also on Twitter around ZenIP 42401 and voice your thoughts!
Check out the ZenIP 42401: Updating Proposal and Quorum Thresholds post on Discourse to get a better understanding of this proposal: ZenIP 42401: Updating Proposal and Quorum Thresholds