Voting Procedures
From the latest spec: “The Committee has a quorum with five members, but is otherwise responsible for their own operations. The Committee cannot change the application process to be a Committee member without a snapshot vote...”
- Quorum: All Committee votes must have 5 members present to pass motions and proposals
- Members can abstain from voting and still be counted towards quorum
- Voting: All Grants Committee votes are simple majority.
- Async Voting: If a vote is taken asynchronously, the vote is taken similarly to a vote in person, with the addition that any member can flag for a vote to be done in person. If flagged, that over-rules the async vote, and requires a vote in person with discussion.
- Async Voting Procedure, voted by Grants in S4
- Documentation: All Committee votes must be recorded in written form on Notion
- The record should indicate what exactly what voted for, and which members voted FOR, AGAINST, and ABSTAIN
- In the case of forum proposals, the proposal should be linked beside the vote record
- Transparency: All Committee votes are open (i.e. not anonymous)
- Consensus: The Committee will only consider proposals that have met forum quorum requirements (based on this Snapshot vote, adjusted seasonally as per this (Committee vote):
| BANK request | Forum Quorum | Forum Vote | Forum Timeline |
| <50K | 16 | >71% | min. 1 week |
| 50K - 250K | 20 | >71% | min. 1 week |
| 250K - 500K | 25 | >71% | min. 1 week |
| 500K - 1M | 32 | >71% | min. 1 week |
| >1M | 40 | >71% | min. 2 weeks |
Historical Forum Quorum Requirements
- when they have been adjusted, links to proposals have been provided