Proposal: Lower Voting Threshold and Approve $SHEETp Collateral
Propose a two-fold initiative aimed at improving our governance process within the Hifi community:
1. Lower Voting Threshold:
A Suggestion that we lower the current voting threshold from 2,404,000 HIFI tokens to 1,000,000 HIFI tokens. This adjustment is vital because, in recent votes, we’ve experienced unanimous support for proposals but fell short of the quorum requirement. By lowering the threshold, we aim to encourage more active participation from community members and ensure that proposals with overwhelming support can proceed.
2. Vote on $SHEETp Collateral and Ongoing Support:
In addition to lowering the voting threshold, we propose that we initiate a vote to approve $SHEETp as collateral within the Hifi Protocol. This integration will grant Sheet Heads NFT holders the ability to utilize their $SHEETp as collateral for loans, providing additional liquidity and opportunities for the community.
Furthermore, a suggestion that we commit to ongoing votes to support and approve $SHEETp as collateral while we simultaneously address the quorum issue. It’s crucial to recognize that, while we have strong community support for proposals like these, the high quorum requirement poses a significant challenge to passing votes.
To break this conundrum, we must vote to lower the quorum threshold so that future proposals can be approved more effectively.
The Hifi community has consistently demonstrated unanimous support for initiatives like the integration of $SHEETp as collateral. However, the quorum requirement has hindered the progress of these proposals. By implementing these changes, we aim to:
- Encourage greater community engagement and participation.
- Ensure that proposals with overwhelming support can move forward.
- Establish a clear path to address the quorum challenge.
- Facilitates decision-making and progress within the Hifi ecosystem.
- Provides additional utility for $SHEETp and Sheet Heads NFT holders.
- Sets the stage for future votes to pass more smoothly once the quorum threshold is reduced.
Initiate a discussion and gather feedback from the community regarding the proposed lower voting threshold and the approval of $SHEETp as collateral.
If there is a general consensus in favor of these changes, proceed to formal votes for both initiatives.
Recognize that while we strive for the approval of $SHEETp as collateral, addressing the quorum issue is crucial for the long-term success of our governance process.
Inviting the community to engage in this discussion and share their thoughts on these important matters.
Together, we can navigate this conundrum and create a more effective governance framework for Hifi.