The 1WISE-VIPER pool was launched a long time ago together with WISE.
It has served its purpose to promote WISE and VIPER, and a 3% pool allocation can be used more strategically than being allocated to this pool.
- YES - reduce the pool allocation to 2% (removing 3 percentage units)
- NO - keep the pool allocation at 5%.
We’ve just updated our governance section in our documentation: Governance - VenomDAO
It details the usage of our new ViperVote token and our rules for minimum votes and quorum requirements.
For a voting alternative to win the vote it has to:
- Reach >55% approval
- Reach >33% of eligible votes voting to establish the quorum.
For this specific vote:
The current supply of ViperVote is: 98,817,142 ViperVote
Required votes (>55%): 54,349,428 ViperVote
Required quorum (>33%): 32,609,657 ViperVote
Voting will start June 5th, ~10AM UTC and end on June 7th, ~10AM UTC. Voting snapshot of ViperVote balances will happen at block height 13915957 (roughly ~2 hours before voting starts).