On-chain governance: The greatest virtue of Polkadot

Polkadot governance explained

Governance roles

  • DOT holders (community)
  • Council
  • Technical committee
Source: https://polkadot.network/launch-governance/

DOT Holders

DOT holders' rights:

  • submit a public proposal
  • vote council members
  • vote in referendums
  • submit a tip

Council

Council rights

  • propose a referendum
  • cancels dangerous referendum (only once, their veto can be canceled by the community in another referendum)
  • manage the treasury
  • elect the Technical Committee members

Technical Committee

Technical committee rights:

  • fast-track the proposal to reduce the time being voted on the referendum queue

The governance process

Source: The First Polkadot Vote… by Gavin Wood

Proposals & Motions

Treasury proposals

  • spending of the treasury
  • tips: rewards for the community members for acting that benefits the network — tutorials, translations
  • bounties

Referenda

Source: wiki.polkadot.network

How to propose a referendum?

  • Publicly submitted proposals
  • Council submitted proposals — those can pass unanimously or through a majority
  • Proposals submitted as part of the enactment of a prior referendum
  • Emergency proposals submitted by the Technical Committee and approved by the Council

Voting mechanism

Source: Polkadot Governance

Positive Turnout Bias

  • used for public proposals
  • the more people vote in the referendum, the easier it gets to pass

Neutral Turnout Bias

  • used for proposals with 60% support from the Council
  • a simple majority is necessary for passing the referendum

Negative Turnout Bias

  • used for proposals with unanimous support from the Council
  • fewer people to vote in the referendum, the easier it gets to pass it

Governance tools

Polkassembly

Polkassembly interface

SubSquare

SubSquare.io interface

Commonwealth

Commonwealth.im interface

What's next? The governance news!

Sources:

  1. Polkadot Wiki: Governance
  2. Polkadot Blog: A Walkthrough of Polkadots Governance
  3. Polkadot Governance by Joe Petrowski

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Polkadotters | Kusama & Polkadot validators

Polkadotters | Kusama & Polkadot validators

Czech bloggers & community builders. We are validators of Polkadot, Kusama, Darwinia, Crab, Bifrost, HydraDX, StaFi, Centrifuge under the name: POLKADOTTERS