Substrate used to take decisions using “governance v1” which was a system with three components:
- Technical Committee - A technocratic committee to manage upgrade timelines.
- Council - An approval-voted, elected executive “government” to manage parameters, admin and spending proposals.
- Referenda - A general voting system for everything else which rewarded long-term stakeholders with increased influence.
Because they do not have an identity system (apart from the council), the votes of people are done by staking tokens (similar to Quadratic Funding). The power of the vote is the product of the lock period by the amount of tokens loked. The interesting part I wanted to bring here is the “adaptive quorum biaising” depending on the council vote which helps adapt the validation threshold depending on the turnout.
turnout - the total number of voting tokens (does not include conviction)
- in case of unanimity of the council (~20 people), a low turnout can validate the decision with a low threshold while a high turnout needs a stronger majority to change the council vote
- in case of unclear majority of the council, it’s the opposite: at low turnout, a strong majority is needed to validate the decision while at higher turnout this threshold is decreased
This is an interesting tool to make decision making easier while still strong when a subject is polemic.
A new system called “governance v2” has been developed and is now deployed on Kusama. I have to read about it.
sources (a bit confuse, it seems to be WIP):