Since inception, Pangolin has been guided by a principle of community-driven self-ownership. In fact, it was always the plan for me, like Satoshi, to remove myself entirely from the public discourse, and make sure that the community takes the project in the right direction. In a lot of ways, this is how the US was also founded.
However, given the current dynamics in the system, I think it’s time for me to propose to the community the very First Amendment to the Pangolin Constitution: start governance earlier.
This isn’t a controversial opinion. Governance was set at 3 months with the explicit intend to simply allow for enough distribution of PNG in sufficiently many hands. However, a this stage, I think there’s overwhelming support that PNG pools must receive more rewards and AVAX pools must receive less.
Changing governance timeline doesn’t change the economics. For example, there were discussions about extended the time of the airdrop, but that would certainly change the token dynamics in meaningful ways. Starting governance earlier simply gives the community a chance to start voting on important issues right away.
I propose the governance to go live in around 2 to 3 weeks. This would place the start of governance sometime between April 2nd and April 9th. This will ensure enough testing on the frontends to make sure that we’re ready to roll.
Any objections, please provide below.