.InputOutputHK shares explanation of CIP-1694 Cardano governance design in Voltaire era $ADA
The scheme that is dubbed"Minimum Viable Governance" demonstrates three categories of voters. Delegate Representatives will have voting power proportinally to the number of ADA staked in favor of them. Constitutional Committee members will all have equal voting power.
Meanwhile, staking pool operators will have voting power proportional to the role of this or that SPO in the Cardano staking mechanism. The inaugural version of the new CIP can be submitted by any ADA holder regardless of the size of their portfolio, previous experience and so on.Then, each group needs to have its votes evaluated by specific threshold rules.
For all action types, each of three groups of voters needs to reach the threshold, the explanation says.However, all three groups have various"jurisdictions." For instance, only delegate representatives, or DReps, vote on all actions required to update the blockchain. Constitutional Committee members vote on all referendums except motions of no-confidence and new quorums.
SPOs, in turn, vote only on the two mentioned types of referendums as well as on hardfork initiatives. Each CIP will have its own deadline: if the number of"yes" votes does not meet the threshold by the deadline, the referendum is dropped.
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