What is the Support Required (%)?
The Support Required (%) is the percentage of YES votes from the vote-total required for a proposal to pass.
Implications & Parameter Options
The Support Required (%) is measured as a percentage (YES Votes/Total Votes), and you will have the option to set this parameter between 50 and 100.
The Support Required is an important consideration when developing responsible voting configurations. We desire consensus when voting, and the Support Required percentage is a direct reflection on the degree of consensus among token holders regarding any proposal. Consensus requires deliberation, and the parameters for the Upgrade will be thoroughly debated. A high Support Required percentage means that a certain degree of consensus is required. A low Support Required percentage will allow for a small majority to dictate decisions.
Since support for a proposal is highly desirable, we suggest a range of 60%-95% for the Support Required parameter.
Related Parameters to consider when defining the Support Required (%):
Minimum Quorum (%)
Vote Duration (days)