This HIP aims to enhance the representation in the Harmony voting system by introducing an activity threshold for seasonal engagement.
- Introduce a 6-month (or last HIP) involvement threshold to determine stake weight eligibility.
Harmony’s current voting system can be refined to ensure that the community’s most engaged and active members have their preferences significantly counted in governance. This proposal seeks to institute an involvement threshold to help achieve this goal. Inspiration for this alteration comes from previous HIPs, including HIP-15 and HIP-21.
Validators must have participated in a governance vote within the last 6 months to have their stake weight considered in voting. If the most recent HIP was over 6 months ago, then participation in the vote for that HIP is required for stake weight eligibility. Vote participation will result in being added to a revolving public list of eligible validators and will be counted as a normal vote. This list may be added either to a public repository or directly to the staking dashboard for easier access.
If a validator does not meet the activity threshold, their stake weight will not be included in the total stake weight calculations. However, they can still participate in the current HIP vote. By doing so, they immediately become eligible, and their stake weight will be counted towards quorum and vote approval.
Consider Validator A, who controls a total delegation of 100 million ONE. They have not voted in the last 6 months, nor did they participate in the previous HIP that was more than 6 months ago. When a new HIP is introduced, they decide not to vote, the total stake weight from that HIP would decrease by the 100 million ONE from Validator A.
Let’s take a look at HIP-XX. At the beginning of the voting process, 70 out of 100 validators can be counted toward the quorum and approval percentages. If one of the remaining 30 validators decides to vote, 71 validators will be included in both calculations.
Adopting this modification to the Harmony voting system promotes greater engagement and a more reflective governance process. It prioritizes active contributors, ensuring they are the ones steering the network’s trajectory. This proposal aims to bolster Harmony’s health and growth by ensuring decisions are made by its dedicated participants.
We welcome community feedback on this proposal.