Tao Voting... EXPLAINED!

Tao Voting is the voting process by which the DAO can modify its metagovernance settings post-launch. It is a very powerful voting application that is capable of performing many high-impact functions, for example:

  • Mint and burn tokens
  • Install and remove Applications in the DAO
  • Modify the parameters of all existing Applications

Since there is only one set of voting parameters for all the DAO’s components, strong thresholds for passing proposals in Tao Voting are critical to ensure the DAO’s architecture remains uncompromised.

Tao Voting is an upgraded version of Dandelion Voting (Similar to Aragon DAO voting) with familiar parameters such as Support Required, Minimum Quorum, Execution Delayand Vote Duration.

Tao Voting also comes with two new concepts: Delegation and Quiet Ending.

Delegation

Token holders can delegate their disputable voting powers to another member who will cast votes on their behalf, these members become delegates. Delegates can only vote during the Delegate Voting Period, which is a specified amount of time at the beginning of the voting process. If a delegate votes contrary to their delegator the delegator can veto the delegated vote and cast their vote themselves. Any voter, delegate or otherwise, can only vote ONCE.

Quiet Ending

In the latter portion of the Vote Duration there’s a designated Quiet Ending Period (QEP). If during this period the vote outcome is flipped the Quiet Ending Extension (QEE) will trigger. The QEE will add more time to the voting period, giving eligible members who have not yet voted more time to do so. If the vote outcome flips again during QEE then another QEE will trigger, adding more time to vote. Voting closes only when the QEP or QEE ends without the vote outcome flipping.

Terminology:

Support Required: The percentage of YES votes from the vote-total required for a proposal to pass.

Minimum Quorum: The percentage of all tokens from the total token supply that must vote YES on a proposal in order for it to be valid.

Vote Duration: The duration of time that a proposal is eligible to be voted on.

Execution Delay: The required amount of time after a proposal passes for the proposal to be executed.

Delegate Voting Period: The amount of time delegates are permitted to vote on a proposal.

Quient Ending Period: If the voting outcome changes during this time the Quiet Ending Extension will trigger, extending the Vote Duration.

Quiet Ending Extension: The amount of time added to the Vote Duration resulting from the vote outcome changing during the Quiet Ending.

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