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GRT $0.01975 up 1.45% Market cap $217.9M

CIP Voting Process Update

GGP-0048 · Council vote #56 on The Graph

Overview

Updated

Approved

Voting ended
Jan 11, 2025
Opened Dec 16, 2024
Submitted
Dec 16, 2024
Dec 16, 20:55 UTC
Members voted
7
One vote each, on Snapshot

Put to the Council by 0x552091…58a9

Votes

  • For 7 votes
  • Against 0 votes
  • Abstain 0 votes

How BitBasic reads the result

  • Approved when more Council members chose For than Against; Abstain doesn't count either way.
  • Each member has one vote, and Snapshot keeps a member's last.

Description

This proposal aims to streamline the chain integration process by delegating the Defender portion of the council’s voting responsibilities to the Smart Contracts Team. If approved, this change will eliminate the current duplication of voting in two places by the council, making the process faster and more efficient. Once snapshot votes are obtained from the council and enough votes to make a decision are received, the smart contracts team will mirror that decision in defender.

Key Details: • Once a Snapshot vote is concluded and a sufficient number of council votes are obtained to make a decision, the Smart Contracts Team will mirror that decision in Defender. • This delegation will not change the council’s authority—it simply allows the Smart Contracts Team to handle the Defender portion of the process, aligning it with the council’s decision in Snapshot. Benefits: • Faster Execution: This change reduces delays in the chain integration process by removing redundant steps. • Reduced Overhead: The council will no longer need to vote twice on the same issue • Increased Efficiency: Aligning Snapshot and Defender processes ensures consistency and prevents potential misalignment between the two.

Next Steps (If Approved): 1. The Smart Contracts Team will leverage an existing 2/N multisig fully owned by the team. 2. The team will prepare a new ChangePermissionsMessage transaction. 3. The council will sign the transaction to finalize the delegation.

How the Council voted

In the order they voted. Snapshot knows members by address only, so BitBasic doesn't name them.

Member Vote When
0x17118d…2c21 For Dec 18, 18:38 UTC
0x325256…ad8e For Dec 18, 19:36 UTC
0x38fa68…4da8 For Dec 19, 14:30 UTC
0x68afab…2b57 For Dec 22, 00:15 UTC
0xf53f07…4011 For Dec 23, 12:42 UTC
0x7eabe4…7fee For Jan 7, 16:10 UTC
0x4c5f34…649a For Jan 7, 16:37 UTC