[xGov][Presentation][New Version][04/2024]

Governance
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Presentation of what is plan for the new xGov’s version.

A. Becoming an xGov Member

  1. Requirements: To participate in the xGov, operate an Algorand node involved in consensus processes. There is no minimum Algo stake requirement.

  2. Voting Rights: Each block proposed by your node will accord you one xGov vote

  3. Membership Rotation: A new cohort of xGov members will be selected periodically based on activity during a specific timeframe. Membership eligibility assessments will occur via snapshots taken every 1 million blocks, with 1 million blocks currently approximating one month.

B. KYC Requirement

Proposal submitters will now need to meet a KYC requirement. This change, established from pilot phase feedback, limits the number of active proposals to one per KYC-verified individual or entity at any time to ensure focused completion of proposals.

C. Voting Mechanism

Category Requested Amount (ALGO) Discussion time (at least) Voting time (after discussion)
Small 10k ≤ A < 50k 1 week 1 week
Medium 50k ≤ A < 250k 2 weeks 2 weeks
Big A ≥ 250k 3 weeks 3 weeks
Democratic Quorum 10% 15% 20%
Weighted Quorum 20% 30% 40%

Feel free to share your thoughts if you have any questions/comments.

8 Likes
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Nice improvements.
Would love to see a mechanism to vote “against” proposal as well.

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That’s part of it. xGovs will be able to vote yes or no.

6 Likes
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How would a no vote be calculated? Can you please provide definitions for democratic and weighted quorum with an example? Thank you!

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Let me know if this is the wrong place to post this.
Is the grace period for xGov proposals being changed from 6 months? IMO 3 months is much more reasonable. Half a year is a long time to be late.

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8

This problem is resolved from next session as most of the funding will be retroactive

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9

What is the resolution for any non-retroactive proposals? Share a link to the discussion if possible please.

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10

Hi Stephane, Thanks for the information. I have been participating to the Alpha phase of the xGov program but as I am not running a node, I believe that I cannot be a xGov anymore, moving forward with the period Algo governance No 12. Since it is the end of the road for me, could you let me know what will happen to my xGov current balance? Thanks for your help!

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11

The xgov has been paused and is now in brainstorming by the AF how they should continue…

With the condition that I have to pay 100 algos per account with no effect on the voting (because my algos are locked in defi) I will probably not be the xgov in next period…

The payouts from the past xGov sessions is stated here: xGov Guide [Post Alpha Pilot]

3 Likes