As your Commons evolves so should its configuration. Parameters within the different Commons components will be able to be modified after they have been implemented. In this module you will need to define the voting requirements for any proposal to alter the Commons configuration.
Modifying the Commons
Tao Voting is the voting process by which the Commons can modify its economic and governance settings post-upgrade. It is a very powerful voting application that is capable of performing many high-impact functions, for example:
Since there is only one set of voting parameters for all Commons components, strong thresholds for passing proposals in Tao Voting are critical to ensure the Commons architecture remains uncompromised.
Tao Voting is an upgraded version of Dandelion Voting with familiar parameters such as Support Required, Minimum Quorum, Execution Delayand Vote Duration.
Tao Voting also comes with two new concepts: Delegation and Quiet Ending.
TEC Token holders can delegate their Tao Voting powers to another member who will cast votes on their behalf, these members become delegates. Delegates can only vote during the Delegate Voting Period, which is a specified amount of time at the beginning of the voting process. If a delegate votes contrary to their delegator the delegator can veto the delegated vote and cast their vote themselves. Any voter, delegate or otherwise, can only vote ONCE.
In the latter portion of the Vote Duration there’s a designated Quiet Ending Period (QEP). If during this period the vote outcome is flipped the Quiet Ending Extension (QEE) will trigger. The QEE will add more time to the voting period, giving eligible members who have not yet voted more time to do so. If the vote outcome flips again during QEE then another QEE will trigger, adding more time to vote. Voting closes only when the QEP or QEE ends without the vote outcome flipping.
If you need more information please check the links below:Support RequiredMinimum QuorumExecution DelayDisputability and CelesteDelegated VotingQuiet EndingVote Duration