# YIP 12: reducing the quorum for accepting proposal
**URL:** https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578
**Category:** YIPs
**Tags:** approved
**Created:** [24 July 2020 12:28 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578 "2020-07-24T12:28:15Z")
**Posts on this page:** 20
**Page:** 2
### Author:  [@rgalloway](https://gov.yearn.fi/u/rgalloway)
#### Post date: [24 July 2020 17:42 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/22 "2020-07-24T17:42:19Z")
Would a required duration that quorum is met before the closing of a vote be possible? By lowering quorum, you risk a large holder voting at the very last minute, achieving quorum and swinging a vote. Especially if it is in the interest of the losing party to refrain from voting in order for the proposal to not need quorum.
I would propose that quorum must be reached 24-48 hours before a voting period expires for voters to have time to vote on that proposal. Timeframe up for discussion.
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### Author:  [@milkyklim](https://gov.yearn.fi/u/milkyklim)
#### Post date: [24 July 2020 17:54 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/23 "2020-07-24T17:54:18Z")
Do you mean we close the poll as soon as quorum is reached? Seems like a double edged sword:
> Let’s say you are away from the computer and can’t vote _for_. Hater majority can vote _against_ and win the voting while you are away.
This way instead of “very last minute vote” competition you get “very first minute vote” competition. 🙈
Does it make sense you to?
We can switch to [liquid democracy](https://en.wikipedia.org/wiki/Liquid_democracy) or soemthing else. Unfortunately, it is not coming very soon (coding takes time, dah), hence YIP 12 to make current protocol usable as it is.
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### Author:  [@888FX](https://gov.yearn.fi/u/888FX)
#### Post date: [24 July 2020 18:58 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/24 "2020-07-24T18:58:17Z")
is it ok to show vote data in more details ?
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### Author:  [@Winslow](https://gov.yearn.fi/u/Winslow)
#### Post date: [24 July 2020 22:55 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/25 "2020-07-24T22:55:30Z")
YIP 10 is in danger of not reaching Quorum. Only 20% currently, needs 33%.
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### Author:  [@neozaru](https://gov.yearn.fi/u/neozaru)
#### Post date: [24 July 2020 23:08 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/26 "2020-07-24T23:08:17Z")
FOR this proposal at least as a temporary solution to under-participation.
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### Author:  [@banteg](https://gov.yearn.fi/u/banteg)
#### Post date: [25 July 2020 06:43 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/27 "2020-07-25T06:43:35Z")
Some more [voting stats](https://explore.duneanalytics.com/public/dashboards/cXCzl3KxsGeF9HoQQnZyNYWKGB63gXMqlow0hRrK).
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### Author:  [@Luxanna](https://gov.yearn.fi/u/Luxanna)
#### Post date: [25 July 2020 11:16 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/28 "2020-07-25T11:16:11Z")
Assuming YIP10 passes. That one’s sitting at just under 20% quorum right now. I think the lock time (3 days) may be pushing people away from voting.
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### Author:  [@Mr\_Sadim](https://gov.yearn.fi/u/Mr_Sadim)
#### Post date: [25 July 2020 11:51 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/29 "2020-07-25T11:51:30Z")
> [@Mr\_Sadim](#):
>
> Not sure, I just rotated crops to pool#3 today because I was actually dying to vote and was just waiting for it to wind down. So I can only speak from experience. I guess we will find out, at least then we will be able to vote based on actual data and not just assumptions.
It seems that I’m being proved wrong here. The actual quorum of voted wallets are going down since more people are moving to pool#3 - Wallets are moving in the pool faster than they are voting. I did not foresee that the quorum would shift according to BPT staked. It makes sense now and it really sucks for governance.
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### Author:  [@criptodee](https://gov.yearn.fi/u/criptodee)
#### Post date: [25 July 2020 12:03 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/30 "2020-07-25T12:03:18Z")
That also means once pool 3 rewards run out, the pool will thin out and quorum will be easier to get, no?
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### Author:  [@Mr\_Sadim](https://gov.yearn.fi/u/Mr_Sadim)
#### Post date: [25 July 2020 12:04 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/31 "2020-07-25T12:04:53Z")
That’s a really good point. Only people really interested in governance will be willing to keep their funds there and lock it in order to vote.
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### Author:  [@criptodee](https://gov.yearn.fi/u/criptodee)
#### Post date: [25 July 2020 12:07 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/32 "2020-07-25T12:07:02Z")
Yup. So it feels like this problem will be solved one way or the other.
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### Author:  [@banteg](https://gov.yearn.fi/u/banteg)
#### Post date: [25 July 2020 13:21 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/33 "2020-07-25T13:21:29Z")
Good point, unfortunately the rewards will run out only a few hours before this vote ends and about the same time YIP 10 ends.
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### Author:  [@criptodee](https://gov.yearn.fi/u/criptodee)
#### Post date: [25 July 2020 13:36 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/34 "2020-07-25T13:36:14Z")
Yeah so we might just need to re-run the votes for 10, and maybe 12 as well if needed. We can justify the re-run since it’s not like the community rejected these ideas, just that quorum wasn’t met and so the community stance was inconclusive.
But we should be able to get them passed eventually. IMO if the liquidity providers were trying to block these from passing, we would have seen it happen already with a conclusive rejection. Quorum not being met means they just aren’t bothered, and should opportunistically go somewhere else once the rewards run out.
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### Author:  [@milkyklim](https://gov.yearn.fi/u/milkyklim)
#### Post date: [25 July 2020 13:47 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/35 "2020-07-25T13:47:19Z")
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### Author:  [@riedbomb](https://gov.yearn.fi/u/riedbomb)
#### Post date: [25 July 2020 15:17 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/36 "2020-07-25T15:17:25Z")
I’m voting against this, seems too much so soon.
It will add too much greed to the system long term.
This is kind of like killing a filibuster, we need a filibuster. I hope this does not pass.
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### Author:  [@nightmayoralty](https://gov.yearn.fi/u/nightmayoralty)
#### Post date: [25 July 2020 16:45 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/37 "2020-07-25T16:45:51Z")
I think its very important this proposal passes.
I outline the **dangers of a high quorum** here:
> [@Exploiting quorum calculations](http://gov.yearn.fi/t/exploiting-quorum-calculations/719/5):
>
> @milkyklim I would be VERY careful about fixing this before more time is given to see how voting behaviour plays out re: quorum. Crypto projects historically have low voter participation. Setting a high quorum may mean nothing is capable of being passed. See here: from [Blockchain Voter Apathy. Governance is a key area of exploration… | by Roy Learner | Wave Digital Assets | Medium](https://medium.com/wave-financial/blockchain-voter-apathy-69a1570e2af3) The proposals that already reached quorum may have done so because they happened early in YFI’s life, …
I have already voted FOR
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### Author:  [@Winslow](https://gov.yearn.fi/u/Winslow)
#### Post date: [25 July 2020 17:04 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/38 "2020-07-25T17:04:15Z")
Everyone who wants this to pass should be voting both for and against it. The system allows you to do so and counts both towards meeting quorum. The danger here is if we can’t meet Quorum.
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### Author:  [@zirs3d](https://gov.yearn.fi/u/zirs3d)
#### Post date: [26 July 2020 17:25 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/39 "2020-07-26T17:25:17Z")
Any thoughts whether this will pass, for YIP 12: reducing the quorum for accepting proposals? Seems to be on the right track.
> Decision: For wins but we strongly suggest implementation of voting delegation or reducing the quorum threshold before passing this Prop 10. If Prop 10 passes right now, we do not think quorum will ever be reachable.
> [YIP 10: Transitionary YFI Only Voting - #15 by yfi\_whale](http://gov.yearn.fi/t/yip-10-transitionary-yfi-only-voting/481/15)
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### Author:  [@Piet](https://gov.yearn.fi/u/Piet)
#### Post date: [26 July 2020 17:33 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/40 "2020-07-26T17:33:41Z")
Voting with YFI will make it a lot easier to reach the quorum. The last proposal went through with around 44% participation. We should wait and see how participation goes for the next few proposals.
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### Author:  [@banteg](https://gov.yearn.fi/u/banteg)
#### Post date: [27 July 2020 05:04 UTC](https://gov.yearn.fi/t/yip-12-reducing-the-quorum-for-accepting-proposal/578/41 "2020-07-27T05:04:01Z")
Proposal is **accepted**. 66.2% for, 33.8% against, 39.8% quorum.
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