The Community Governance process has been updated to include the Voting Framework for stkIDLE Holders.
OFF-CHAIN VOTES
Voting strategy: stkIDLE holders voting space
Threshold to make the poll valid : no quorum required
Voting weight: the voting stkIDLE amount is calculated in the form of weighted IDLE tokens using the formula: “total IDLE staked / total stkIDLE minted * total stkIDLE voting the snapshot * % of each option”.
The sum of the voting weights cast by $IDLE and stkIDLE holders represents the final snapshot results (calculator).
ON-CHAIN VOTES
Voting strategy : stkIDLE holders voting space
Threshold to make the poll valid: 30% of circulating stkIDLE voting the poll + at least 70% on the same option
If the poll quorum is reached, the community multisign that holds delegated votes will broadcast the result on-chain with the entire voting balance.
Individuals holding $IDLE can autonomously vote the IIP.