Tranche 2 Update: The results of the Snapshot vote are in & the majority of the 10 eligible teams did not meet the support thres
31 Jul 2023, 18:59
🚨 Tranche 2 Update: The results of the Snapshot vote are in & the majority of the 10 eligible teams did not meet the support threshold! With 3.5M GLMR still available, a runoff Snapshot vote will be held, starting tomorrow (Tuesday, 08/01, 03:00 pm UTC), to give teams another shot at earning an ecosystem grant. https://forum.moonbeam.foundation/t/update-on-the-tranche-2-ecosystem-vote/1126
Details ⤵️
To avoid another hung vote situation, new requirements have been voted on & added by the Community Grants Committee. They include:
🔹 A reduced minimum support threshold of 14.28%
🔹 Only the top 3 teams can move on to the on-chain vote
👉 See a complete summary of the Committee's decisions here: https://forum.moonbeam.foundation/t/update-on-the-tranche-2-ecosystem-vote/1126#summary-of-committee-decisions-5
TFA DAO was the only project to reach the signal vote threshold & will be included in an on-chain vote to ratify or deny their grant. The top 3 teams from the runoff vote will each be put to a separate referenda on Moonbeam, along with TFA as winner from the first signal vote; for a total of 4️⃣ referenda.
As always, we appreciate the feedback & support from our amazing community and participation from the projects that help make this eco great!
For more details, like important dates, Snapshot rules, & changes, read the update on the Community Forum: https://forum.moonbeam.foundation/t/update-on-the-tranche-2-ecosystem-vote/1126
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