While we support changing snapshot requirements that InstadApp team proposed Modify Snapshot Voting Parameters, Stable Node also wants to propose to increase voting time from 3 day voting period to 7 day voting period to give more participants time to vote on the proposal.
Proposes to increase voting time from 3 day voting period to 7 day voting period. Ideally, it can go in as part of the voting parameters change proposal but if not can be a separate proposal.
Each governance protocol has different time period for voting. For example, for MakerDAO, voting can last 14 days. For Compound, it’s 3 days, which is the same as the current InstadApp set up. However, considering the InstadApp governance is in early stage, we believe it’s better to have more time and participants to review each proposal.
- Increase the voting time to 7 days
- Maintain the current voting time of 3 days