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2021-10-15, 6:13:30 AM UTC
There are two ways a proposal can be decided:
- Absolute Majority: Before the voting period ends, a proposal is adopted or rejected if an absolute majority (more than half of the total voting power, indicated by delimiter above) has voted Yes or No on the proposal, respectively.
- Simple Majority: When the voting period ends, a proposal is adopted if a simple majority (more than half of the votes cast) has voted Yes and those votes constitute at least 3% of the total voting power (indicated by delimiter above). Otherwise, the proposal is rejected. Before a proposal is decided by Simple Majority, the voting period can be extended in order to “wait for quiet”. Such voting period extensions occur when a proposal’s voting results turn from either a Yes majority to a No majority or vice versa.