1/πŸ§΅πŸ” Indigo Protocol Adaptive Quorum Biasing (AQB)

This feature strengthens Indigo's fair DAO Governance with flexible voting thresholds dependent on voter turnout. AQB ensures majority $INDY rule while deterring manipulation. Let's break it down.πŸ‘‡ #IndigoProtocol Image
2/πŸ—³οΈπŸ’‘In most voting systems, a proposal passes when yes votes outnumber the nos, past a static threshold. This is not ideal for long-term #Governance health, participation, and risks manipulation.

With AQB, the quorum (or the yes votes needed) shrinks as more $INDY is cast. Image
3/🧠If voter turnout is low, the #DAO will need a large amount of yes votes for a proposal to pass. If voter turnout is high, a smaller amount of yeses is required to pass the proposal on-chain.

But remember, over 50% $INDY yes votes are always needed for a proposal to pass.
4/ As an example, if 29% of all circulating $INDY votes, the quorum (or the minimum votes needed) would be 66%. βœ…

In this instance, 66% of the total INDY votes must be yes. Any less, and the proposal will not pass.🚫#DAOGovernance
5/βš–οΈ AQB's dynamic quorum adjusts to protect against a small group of voters hijacking the decision. More participation = fairer results.

This feature was implemented at launch to show Indigo's commitment to a truly decentralized and fair governance process for DAO members.
6/🌐πŸ’ͺ At its heart, AQB is about reflecting the collective will of $INDY holders/DAO members.

It protects against manipulation and fosters wider participation - democratizing decision-making for the future of the Indigo Protocol. #CardanoCommunity
⚑️Join the Indigo Community Discord to learn more about AQB, Indigo DAO Governance, and other unique features of the Indigo Protocol.

discord.gg/gVqDRNg7VH

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
γ€€

Keep Current with Indigo | Synthetic Assets on Cardano

Indigo | Synthetic Assets on Cardano Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(