Skip to content

Latest commit

 

History

History
86 lines (64 loc) · 3.74 KB

README.md

File metadata and controls

86 lines (64 loc) · 3.74 KB
Raw

Democracy Pallet

Overview

The democracy pallet handles the administration of general stakeholder voting.

Proposals made by the community are added to a queue before they become a referendum.

Every launch period - a length defined in the runtime - this pallet will launch a referendum from the proposal queue. Any token holder in the system can vote on this.

Terminology

  • Enactment Period: The minimum period of locking and the period between a proposal being approved and enacted.
  • Lock Period: A period of time after proposal enactment that the tokens of winning voters will be locked.
  • Vote: A value that can either be in approval ("Aye") or rejection ("Nay") of a particular referendum.
  • Proposal: A submission to the chain that represents an action that a proposer (either an account or an external origin) suggests that the system adopt.
  • Referendum: A proposal that is in the process of being voted on for either acceptance or rejection as a change to the system.

Adaptive Quorum Biasing

A referendum can be either simple majority-carries in which 50%+1 of the votes decide the outcome or adaptive quorum biased. Adaptive quorum biasing makes the threshold for passing or rejecting a referendum higher or lower depending on how the referendum was originally proposed. There are two types of adaptive quorum biasing: 1) positive turnout bias makes a referendum require a super-majority to pass that decreases as turnout increases and 2) negative turnout bias makes a referendum require a super-majority to reject that decreases as turnout increases. Another way to think about the quorum biasing is that positive bias referendums will be rejected by default and negative bias referendums get passed by default.

Interface

Dispatchable Functions

Public

These calls can be made from any externally held account capable of creating a signed extrinsic.

Basic actions:

  • propose - Submits a sensitive action, represented as a hash. Requires a deposit.
  • second - Signals agreement with a proposal, moves it higher on the proposal queue, and requires a matching deposit to the original.
  • vote - Votes in a referendum, either the vote is "Aye" to enact the proposal or "Nay" to keep the status quo.
  • unvote - Cancel a previous vote, this must be done by the voter before the vote ends.

Administration actions that can be done to any account:

  • reap_vote - Remove some account's expired votes.
  • unlock - Redetermine the account's balance lock, potentially making tokens available.

Preimage actions:

  • note_preimage - Registers the preimage for an upcoming proposal, requires a deposit that is returned once the proposal is enacted.
  • note_imminent_preimage - Registers the preimage for an upcoming proposal. Does not require a deposit, but the proposal must be in the dispatch queue.
  • reap_preimage - Removes the preimage for an expired proposal. Will only work under the condition that it's the same account that noted it and after the voting period, OR it's a different account after the enactment period.

Fast Track Origin

These calls can only be made by the FastTrackOrigin.

  • fast_track - Schedules the current externally proposed proposal that is "majority-carries" to become a referendum immediately.
  • fast_track_referendum - Schedules an active referendum to end in FastTrackVotingPeriod blocks.

Root

  • cancel_referendum - Removes a referendum.
  • cancel_queued - Cancels a proposal that is queued for enactment.
  • clear_public_proposal - Removes all public proposals.

License: Apache-2.0