nolus

Prop 101: Decrease Voting Period and Quorum Threshold for Smart Contract Migration v0.6.3

/n/n Presently, participants in our governance process have a three-day window to vote on proposals once the necessary minimum deposit has been made to initiate them. However, the ongoing high activity on the Nolus mainnet presents a challenge for the seamless migration to the v0.6.3 smart contracts. The extensive gas requirements for a one-time migration of unpinned contracts exceeds the block's gas limit, making it unfeasible./n/n Fortunately, after pinning the contracts, the migration will be possible with a single proposal. Reducing the voting period will allow us to execute pinning and the actual smart contract migration in a short window period, rather than waiting 3 days for each proposal (total 6 days). /n/n By voting "YES" on this proposal, you are expressing your support for a temporary adjustment of the voting period from one day to 10 minutes and the quorum threshold from 33.4% to 20%, specifically for the purpose of the v0.6.3 smart contract migration. Following the completion of this migration, a subsequent proposal will be introduced to reinstate the voting period to its standard length of three days and the quorum to 33.4%.