GOVERNANCE & DAOS
Quorum (Voting Quorum)
Definition
Quorum is the minimum number of votes or percentage of total voting power required for a governance proposal to be considered valid and binding.
Example
Example
If a DAO requires 10% quorum and has 100M tokens, at least 10M tokens must participate in voting for the proposal to pass.
Risks to Consider
Risks
- Low participation
- Governance gridlock
- Minority rule