[AIP-43] Reducing Minimum Voting Weight

Proposals
1

Author:
Json

Summary:

Aura contributors propose to amend the existing governance parameters of the protocol by reducing the minimum voting requirement from vlAURA holders from 0.2% to 0.1% for gauges to receive voting weight.

Background:

Aura Finance requires a minimum of 0.2% of vlAURA votes for a gauge to receive voting weight. The current minimum voting requirement of 0.2% may inadvertently exclude smaller stakeholders and hinder their ability to actively participate in the governance of Aura Finance. By lowering the threshold to 0.1%, Aura will expand the pool of participants who can contribute to protocol gauge voting and enhance the overall decentralization of decision-making power. This becomes increasingly relevant as Aura’s share of veBAL voting weight continues to grow, facilitating the need to support more DAOs.

Benefits:

  • Increased Participation - By lowering the minimum voting weight requirement, a larger portion of the Aura Finance community will have the opportunity to actively engage in governance decisions, ensuring that a wider range of perspectives are considered.
  • Enhanced Decentralization - The proposed change aligns with Aura Finance’s commitment to decentralization, ensuring that governance decisions are not disproportionately influenced by a small group of larger stakeholders.
  • Protocol Growth - A broader range of participants contributing to governance decisions can help steer the protocol’s growth in directions that best serve the collective interests of the Aura Finance ecosystem.

Specification

If approved, the minimum voting requirement from vlAURA holders will be reduced from 0.2% to 0.1%.

Voting

This forum post will be live for approximately three days before the Snapshot proposal goes live. We appreciate and encourage an open discussion on this subject.

This vote will be a single-choice vote. You may vote “For” or “Against” this proposal, or choose to abstain from the vote.

By voting “For” this proposal, you are voting in favor of implement the changes with the specification set out in this proposal.

3 Likes
2

This is a great proposal that will expand the pool of participants who can contribute to protocol gauge voting and enhance the overall decentralization of decision-making power.

1 Like
3

This makes a lot of sense to me. We dont want to inadvertently freeze anyone out who is prepared and eager to participate.

1 Like
4

Do we know what % of vlAura holders would benefit from this? Does this “activate” another 5% of vlAura for voting? 10%? 2%?

5

Less than 10%. I haven’t looked at the exact numbers but if you look at the dApp it shows ~13 holders at 0.01% vlAURA holdings. Those numbers are obviously rounded though. I would assume its somewhere between 15 and 25.

However, the value can also go toward gauges that just miss the mark for getting gauge weight via yield as well.

1 Like
6

I like it! As an example; THX DAO holds about $25k in $BAL and could afford a similar amount of $AURA but not much more… An 0.1% voting minimum would bring gauge voting within reach!

1 Like
7

https://vote.aura.finance/#/proposal/0x30fc2daf9e77d151336ee4ee285987043a750eaf55e357b6e096fbfae62d55fb