How to choose the right quorum?
Last updated
Last updated
A quorum is the minimum number of members in a DAO necessary to conduct the business of that group. According to , the "requirement for a quorum is protection against totally unrepresentative action in the name of the body by an unduly small number of persons." In contrast, a is a meeting of the full (or rarely nearly full) body.
Quorum voting requires a certain threshold of voters in order for a proposal to pass (for example: 60% quorum, which means 60% of voting power needs to vote). Once this threshold has been met, whichever decision has more votes wins. Without reaching the quorum threshold, proposals fail.
Imagine, you have a group of 3 DAO members. Each of them holds 10 GT tokens and votes are distributed accordingly – 33.3% of each member.
If you decided that the quorum can be reached if the two members voted, then the quorum threshold should be between 34% and 66%. When you are ready to submit your DAO click "Create a DAO".
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