About the Active Votes category

Welcome to the ‘Active Votes’ category! This category is essential for active participation in our community’s decision-making process. It’s where you’ll find all ongoing votes related to HydraDAO.

Unlike the ‘Completed Votes’ category, which archives past votes, ‘Active Votes’ provides real-time updates on the votes you can participate in right now.

Topics here will contain details about current votes, including purpose, duration, and how to participate. Check in regularly, cast your vote, and make your voice heard!

Only one vote at a time will be allowed.

On-chain Voting System
The current framework of the HydraDAO has been carefully refined to ensure it’s user-friendly, accessible, and democratic. Here’s what the process generally involves:

  1. A detailed forum topic that serves as a proposal. This should be comprehensive and well-structured, including a clear outline of the problem, proposed solutions, visual aids if necessary, and any other relevant information. The proposal should foster an informed discussion and provide enough detail for voters to make a knowledgeable decision.
  2. An organized mapping system to Yea/Nay addresses in a sequential order for easy tracking. Each proposal can be identified by changing the ‘PN#’ in the addresses.
  3. An ample timeframe to participate with clear deadlines, ensuring every member gets a chance to vote.
  4. Active discussion led by the proposal initiator for transparency and clarity.
  5. A quorum that varies based on the impact of the proposal. For smaller and mid-scale impact proposals involving less than 100,000 HYDRA, a 51% approval is required. For high-impact proposals that influence fundamental aspects of the project or involve spending more than 100,000 HYDRA, a 65% approval is necessary. This differential requirement ensures a broad agreement while still maintaining feasibility for less monumental decisions.

Consider these addresses for instance:

  • Yes address → HHxxxxYEAxPN1xxxxxxxxxxxxxxxxnP36b
  • No address → HHxxxxNAYxPN1xxxxxxxxxxxxxxxza3K1w

They are structured as prefix_[Vote]_[Proposal_Number_1]_suffix where ‘Yea’ denotes a ‘Yes’ vote, and ‘PN1’ refers to ‘Proposal Number 1.’ The balance at the snapshot time represents your voting weight.

‘PN1’ is publicly mapped off-chain to the HydraGon Proposal, keeping things straightforward and transparent.

This framework is simple, user-friendly, universally accessible, and nearly cost-free from a user experience perspective. It doesn’t involve creating, distributing, and managing additional governance tokens. You simply use your existing balance without worrying about lockups and potential user experience mistakes.

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