What’s Up Tornado — The Next Proposal Is Almost Ready To Spin
The next Tornado.Cash governance proposal is almost ready to get submitted. It just needs its last details to be polished & a general feedback from the community before being taken for a spin. 🌪
Let’s make this month a September to Remember!
Wouldn’t it be amazing to make this month a September to remember? Well, that’s up to us. As a community, we should continuously seek to improve the Tornado.Cash protocol through suggestions & votes, one proposal at a time.
Our duty of the moment? The incoming proposal that is meant to re-shape Tornado.Cash governance, by both securing locked TORN in the governance contract & incentivizing the act of voting on proposals.
An active community member, h-ivor, has created a new topic on the forum to present such a proposal & discuss it with other members. Before the submission of the proposal, few parameters should be discussed and fixed by the community. If you want to contribute to setting these final touches, you can join ️in directly on the Lottery and Vault Proposal Discussion.
What Is This Proposal Really About?
*Update : Maybe this proposal would be split in two proposals (on the one hand the vault, on the other hand the compensation & incentive).
- Upgrading the governance contract to secure locked voting TORN by separating them from the governance treasury in a distinct vault. You can read all about the benefits of such an upgrade on this post: What’s Up Tornado — What About Some In-house Cleaning?
- Allowing gas compensation, directly in Ether, for some transactions (such as voting on proposals). Putting in place this upgrade requires auctioning off some TORN in exchange for ETH. The specificities of those parameters can all be discussed on the forum topic.
- Incentivize governance by putting in place a lottery in which all voters participate. All parameters for such a lottery can be discussed on the forum, such as the number of winners per proposal, reward amount, etc. After each proposal, random voting addresses would be selected to get the given reward.
- Extending the voting period, which is currently at 3 days, to give more time for community members to express their opinion towards proposals. This upgrade would ease reaching a quorum on future proposals, solving a recurrent issue in Tornado.Cash governance.
Everything is happening right here ➡️ Lottery and Vault Proposal Discussion.
What are you waiting to join the conversation? Get your glass of wine ready and get in the debate.🍷