Hey, Christopher from 1kx here,
We’ve made a mistake in voting against this proposal and have accidentally voted against IIP-81 instead.
Our main reason for wanting to vote No on IIP-80 was that we felt that an 80% threshold was far too high. The highest practical thresholds for a supermajority in traditional voting is 75%, with 66% being the most practically used example of a supermajority.
We also feel that there would be no practical path to reduce that threshold in the future because every failure in the voting threshold would be easily justifiable as not a good proposal in the first place. We would therefore propose to start with a supermajority threshold of 66%, with the optionality to raise this further to 75% should this be abused in the future.
Furthermore, we are really excited about this opportunity that IndexCoop brings to decentralised governance.
Far too many protocols are too centralised, such that only a few individuals selected by the protocol can create proposals, and IndexCoop can provide an outlet for more democratic participation in these protocols through meta governance proposals. So while we agree that this needs to be treated carefully, we also wouldn’t want to practically restrict IndexCoop from becoming an important meta governance proposal creator.
We are in agreement with the 10% quorum and 1% INDEX proposal threshold requirements though and feel they are appropriate given the sensible nature of meta governance proposals.
Christopher