Since the afternoon of October 13, a proposal has been up for a vote on Polkadot's governance platform that would set a new course for the network's most important body. Referendum 1954 is titled "[Wish For Change] DOT DAO Strategy Mandate", and after a good three hours 26.8 percent of weighted votes were in favour and 73.2 percent against. In absolute terms that is 19,370 weighted DOT against 53,030. The approval rate is the clearest rejection any strategy proposal has drawn in its opening hours this year.
The proposal comes from PCF, the Polkadot Community Foundation, and it is expressly not a technical specification. "It constitutes a strategic mandate, not a technical specification", the text states. What it demands is a ranking: user acquisition ahead of every other metric. In its own words, the DOT DAO should "for the present time, prioritise user-acquisition over other KPIs".
What Referendum 1954 asks of the DOT DAO
The proposal names four areas. First, user acquisition is to rank ahead of ecosystem size and ahead of capital locked in contracts; the competitive frame thereby shifts from other smart contract...
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