LUCRA PROTOCOL
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Modify Governance Parameters

The Modify Governance Parameters poll types allows for the creation of polls that alter Lucra governance-related parameters.
In order for a poll to pass, the poll must reach the Quorum and Vote Threshold. Quorum is the required minimum voter turnout for this poll, where more than Quorum portion of all staked NEP should have voted for this poll, whether the vote is yes or no. Vote Threshold is the required minimum percentage of yes votes required for the poll to pass.
Votes can be cast to a poll only during the Voting Period since poll creation. To prevent fluctuations in the total amount of staked NEP from affecting a poll's Quorum calculation, users can snapshot the the current amount of staked NEP for the poll. The snapshot can occur within a Snapshot Period time (number of blocks) window before the poll's end, where votes made within this period automatically trigger the snapshot. Quorum calculation for the poll is done using the snapshotted staked NEP amount and not the amount of staked NEP at the end of the poll.
Proposals that have passed and is past the Expiration Period after its end can be set to an expired state, allowing the WebApp to improve the visibility of ongoing polls by filtering out proposals that have already passed.
Passed proposals that include a governance message (used to updated protocol parameters) require a Timelock Period of time before the included message can be executed. This is to give Lucra users enough to prepare for the changes introduced by the poll.
All poll submissions require a minimum NEP deposit of Proposal Deposit, used to prevent excessive poll creation. This deposit is returned to the poll submitter if the poll passes.
Parameter Name
Description
Quorum
Minimum voter turnout required for a poll to pass
Vote Threshold
Minimum percentage of yes votes required for a poll to pass
Voting Period
Poll voting period
Snapshot Period
Window of time (number of blocks) allowed for staked NEP amount snapshotting before poll end
Expiration Period
Time delay (number of blocks) after which an passed poll can be expired
Timelock Period
Number of blocks required after a poll pass before executing changes
Proposal Deposit
Minimum NEP deposit required for submitting a new poll

Genesis Values

Parameter Name
Value
Quorum
15%
Vote Threshold
51%
Voting Period
7 days
Snapshot Period
1 day
Expiration Period
1 day
Timelock Period
4 days
Proposal Deposit
1,500 NEP

Poll Format

Field
Description
Optionality
Title
Poll title
Required
Proposale Rationale
Short description of poll rationale
Required
External Link
External URL for further information
Optional
Quorum
Proposed minimum voter turnout required for a poll to pass
Optional
Vote Threshold
Proposed minimum percentage of yes votes required for a poll to pass
Optional
Voting Period
Proposed voting period for polls
Optional
Snapshot Period
Proposed time window before poll end in which the staked NEP amount can be snapshotted
Optional
Expiration Period
Proposed time delay (number of blocks) after which an passed poll can be expired
Optional
Timelock Period
Proposed time delay (number of blocks) required after a poll pass before executing changes
Optional
Proposal Deposit
Proposed minimum NEP deposit required for submitting a new poll
Optional