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Tushar Jain
@tushar_jain
Founder and CIO @Multicoin Opinions are my own / Not a solicitation / Not an offer for investment advisory services
Joined June 2013
1.3K Following    55.7K Followers
Some ideas on how the Solana governance process can be improved in the next iteration: - Privacy. This one is controversial because I think stakers ought to be able to see how their validators voted. But there is risk of coercion from public votes. Tough to balance this. - Abstain should be counted towards quorum and nothing else. Many people were confused by how abstains work. - Longer voting period. Many people didn't voice their opinions until the voting actually started. A longer voting period would give more time for those people to be heard and for voters to possibly change their minds. Please add any suggestions you have.
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It's amazing to see the governance work the Solana community has been doing for the past 18 months come to fruition. From SIMD 228 to today has been an arduous journey. Thank you to all the builders, stakers, and validators who contributed to this governance milestone. The 2 biggest learnings from SIMD 228 that we addressed with the SGP process were: - Pre defined variables for discussion period, voting period, quorum, pass %. This allows the conversation to focus on the actual issue and not turn into another meta conversation on the governance process itself. - Staker override. With SIMD 228 many validators voted against their stakers' wishes. With staker override, now the ultimate vote rests with the stakers. There are meaningful learnings from this recent vote which we will apply to further improve Solana's governance.
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