This is a proposal for the on-chain vote IGP#3 - DSL September 2021 Upgrade. This on-chain vote will group several updates and changes into one cohesive upgrade.
Currently when on-chain proposals are submitted, the voting period begins immediately and users need to delegate and assign voting power before the vote goes on chain. You can take this proposal itself as an example; to participate in this vote you had to have delegated your voting power prior to the team submitting this vote.
Adding a 2 day voting delay will allow INST tokenholders to delegate and assign voting power after a proposal is submitted on chain and will help increase voter participation. The Voting Period is currently set to slightly above 2.5 days, this will modify the voting period to 3 days. This will result in a one week on-chain voting process: 2 Day Delay + 3 Day Vote + 2 Day Queue
The team is submitting several changes to add and improve how the DSA accounts handle ERC-721 and ERC-1155s. This adds a couple functions related to these two token standards including:
These changes will support and improve the experience of NFTs on the DeFi Smart Account and the larger DeFi Smart Layer.
This update adds Beta Mode and makes it accessible to all accounts. Beta Mode will allow DSA accounts access to upcoming and experimental features. Users who do not wish to try out these changes do not need to enable this on their accounts. For more information please see the Development Post about Beta Mode here: Beta mode on Smart Accounts
Beta Mode will allow greater flexibility when it comes to launching changes to the DeFi Smart Layer; this allows a balance between continual development and allowing long term users to continue using the protocol more reliable releases.
Main PR with all the updates above combined:
- Modifies the Voting Parameters by introducing a 2 Day Delay thus extending the voting period
- Adds better support for ERC-721 and ERC-1155 standards
- Adds the Beta Mode function to DSA Accounts