LISK DAO: What we must do to regain community trust and improve members participation in governance

I’m sure that lowering the proposal threshold won’t really change much — any ideas can already be voiced here openly. If needed, they can be submitted as a proposal by me, przemer, or even by the team itself. The real issue is that without the team, Max, and Oliver, we can’t even reach quorum. We’d only gather around 16–20 million votes, while the minimum required is 24 million.

We could consider lowering the quorum to, say, 18 million — but that too would require a 24 million vote to pass. :grinning_face_with_smiling_eyes:

That’s why I keep saying: the first real step can’t come from us. The first steps — honest, open, and confident — have to come from the team, from Max. So far, all steps have been shaky, hesitant. No one wants to take a risk. They’re ready to dilute investors’ holdings endlessly (if they had the chance — and actually, they do). Personally, no one asked me when the migration and tokenomics changes happened — and I’m sure the community would’ve voted against it if given the chance.

All in all, the project looks really poor right now.

1 Like

That change in tokenomics really did the most damage… and as always, investors get to pay for it.

Season 1 of the DAO has been live for a while, I’m looking forward to seeing where most of that money will be spent.

Lowering the Qorum might help but then we still have the risk of the team forming Qorum and passing proposals all on its own.

We need to really hold the team accountable. Hopefully we will figure out how soon enough

No, that risk doesn’t really exist — or rather, they already have the ability to do that even now. The team holds 8 million new tokens, some amount of old ones, plus the foundation’s share — and for every million, they get 3 million in voting power. So there’s nothing to be afraid of on that front.

But lowering the quorum would give the community more freedom.

Their responsibility is to actually listen to the community and stop playing dirty. Otherwise, we’re not far from legal action — and there’s no guarantee they’ll win that. That should already be enough.

3 Likes

Have you seen this @grumlin

https://forum.lisk.com/t/builder-program-strategy-season-1

Lisk team asking for DAO funds to be allocated to specific programs.
What’s do you think? :thinking: