Abstract
The voting period for proposals in the Lisk DAO is 1 week at the moment.
This proposal suggests to extend the voting period for one additional week to a total of two weeks.
Motivation
The current one week voting period could result in voters simply not participating because they didn’t have the time to consider and/or didn’t notice the proposal early enough.
Rationale
The voting period should be extended to two weeks, which gives delegates more time to reasonably consider their voting decision, and can improve the overall participation rate on proposals, as it reduces the risk for delegates of not being able to participate in a specific voting, which can happen for various reasons like sickness or holiday.
This proposal results out of the following discussion in the Lisk Governance Forum: Extending the voting period
Key Terms
Voting period: The voting period is how long voting lasts on each proposal. For the Lisk DAO, the voting period starts directly after the proposal is created. At the end of the voting period, the proposal has passed or failed.
Specification
The proposal includes an action that will call the setVotingPeriod function of the Lisk DAO Governor contract with the value 1209600, which represents 14 days in seconds.
Action plan
If the proposal is accepted, the action described in the Specification will be executed directly.
Once the action is executed, the new voting period for all new proposals in the Lisk DAO will be 2 weeks.