IOTA and Shimmer Governance Votes March 2024 Results

TL;DR:
We present the community-verified results of the six Governance votes that occurred between March 11,2024 and Mar 29, 2024, in the IOTA and Shimmer networks. While votes for the Grant Committee were clearly expressed, other votes failed to meet the required participation quorum and, therefore, need to be revised.

Recently, decisions were made within the IOTA and Shimmer networks regarding the Tangle Community Treasury and the Tangle Community Grant Committee: you can refresh your memory about the votes here. Let's delve into the outcomes of these governance votes and explore the implications for both networks.

Members of the IOTA and Shimmer communities were asked to vote on three topics, with each topic having a separate vote for the two communities. Each vote had to pass a required participation quorum of 5% of the total achievable votes.

The first topic was whether to continue the Tangle Community Treasury with a revised framework for the 2024 to 2025 term. Both communities voted to accept this resolution, with the IOTA vote [IGP - 0002] achieving 6.4% of the total achievable votes reached and the Shimmer vote [SGP - 0007] achieving 5.02%.

The second topic was for both networks to appoint four grant reviewers each for the Tangle Community Grant Committee. The IOTA community voted ([IGP - 0003) in sufficient numbers – 5.58% of the total achievable votes – resulting in the following appointments to the Grant Committee to represent the IOTA community as grant reviewers: Linus Nauman, Nicole O’Brien, 0xMarcus, and Finanzgoblin - Richard Mediavilla.

However, the same topic put to the Shimmer community (SGP - 0008) received 3.86% of total achievable votes, therefore failing to meet the required participation quorum of 5%, necessitating a new election in the Shimmer network.

The third topic – selecting a Program Lead for the Tangle Community Grant Committee – failed to reach the minimum necessary amount of votes in both communities, with [IGP - 0004] receiving 4.79% of the total achievable votes and SGP - 0009 achieving 4.45%. Therefore, new elections for a Program Lead need to be facilitated.

Conclusions

These results underline that a great deal of thought went into the vote concerning the Tangle Community Treasury. While both the IOTA and Shimmer networks generally signaled approval for sustaining the Grant Committee, the Shimmer network encountered challenges in mobilizing sufficient voter participation to elect committee members. In contrast, IOTA witnessed the successful establishment of a new Grant Committee due to adequate voter turnout.

However, the crucial vote for the Program Lead fell short of achieving quorum support in both networks.

In light of these outcomes, new votes should be held for both the IOTA and Shimmer communities to choose a Program Lead for the Tangle Community Grant, and for the Shimmer community to decide on grant reviewers for the Tangle Community Grant Committee.

The detailed, community-verified results of each vote can be found below.

IOTA Network Governance Votes

Proposal [IGP - 0002]: Tangle Community Treasury Term 2024 to 2025

Do you vote to continue the Tangle Community Treasury with a revised framework for the 2024 to 2025 term?

Yes, I approve the Tangle Community Treasury for the 2024 to 2025 term: 23,773,200,339,766,836 votes (96.52 %)
No, I do not approve the Tangle Community Treasury for the 2024 to 2025 term: 787,646,969,587,607 votes (3.20%)
Abstain: 68,542,185,853,753 votes (0.28%)

With 6.4% of the total achievable votes reached, the required quorum of 5% was passed. Therefore, Proposal IGP - 0002 has successfully passed the vote.

Proposal [IGP - 0003]: Tangle Community Grant Committee Reviewer selection

1: Should Candidate "Linus Naumann" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 20,810,751,733,860,144 votes (96.6%)
Abstain: 733,273,016,534,623 (3.4%)

2: Should Candidate "Nicole O’Brien" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 19,923,852,112,757,044 votes (92.5%)
Abstain: 1,620,172,637,637,723 votes (7.5%)

3: Should Candidate "Finanzgoblin - Richard Mediavilla" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 14,854,340,515,302,212 votes (68.9%)
Abstain: 6,689,684,235,092,557 votes (31.1%)

4: Should Candidate "Yi-Wei Lin (Ian)" become a grant reviewer on the Tangle Community Grant Committee?

Yes: 9,873,818,627,451,860 votes (45.8%)
Abstain: 11,670,206,122,942,908 votes (54.2%)

5: Should Candidate "Null / Rafael Bochado" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 9,104,830,290,378,926 votes (42.3%)
Abstain: 12,439,194,460,015,842 votes (57.7%)

6: Should Candidate "0xMarcus" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 15,525,546,539,743,980 votes (72.1%)
Abstain: 6,018,478,210,650,788 votes (27.9%)

7: Should Candidate "Wiwi" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 14,673,394,727,471,922 votes (68.1%)
Abstain: 6,870,630,022,922,846 votes (31.9%)

8: Should Candidate "Shelley Mae Villarin" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 3,382,698,480,450,231 votes (15.7%)
Abstain: 18,161,326,269,944,536 votes (84.3%)

The required quorum of votes was passed with 5.58% of the total achievable votes.

According to the results, the candidates for Committee Membership are ranked as follows, with the top four candidates becoming part of the Tangle Community Grant Committee for the IOTA network.:

1). Linus Nauman

2). Nicole O’Brien

3). 0xMarcus

4). Finanzgoblin - Richard Mediavilla

5). Wiwi

6). Yi-Wei Lin (Ian)

7). Null / Rafael Brochado

8). Shelley Mae Villarin

Proposal [IGP - 0004]: Tangle Community Grant Committee – Program Lead selection

Should Candidate "JD “Deep Sea” Sutton" become the Program Lead of the Tangle Community Grant committee?

Yes: 23,773,200,339,766,836 votes (93.3%)
Abstain: 787,646,969,587,607 votes (6.7%)

With 4.79% of total achievable votes reached, Proposal IGP - 0004 did not reach the necessary quorum of 5%. and, therefore, has been declined. A new election for a Program Lead of the Tangle Community Treasury Committee in the IOTA network is necessary.

Shimmer Network Governance Votes

Proposal [SGP - 0007]: Tangle Community Treasury Term 2024 to 2025

Do you vote to continue the Tangle Community Treasury with a revised framework for the 2024 to 2025 term?

Yes, I approve the Tangle Community Treasury for the 2024 to 2025 term: 15,451,760,086,140,298 votes (79.9%)
No, I do not approve the Tangle Community Treasury for the 2024 to 2025 term: 21,600,109,924,392 votes (0.5%)
Abstain: 47,084,504,636,160 votes (19.6%)

With 5.02 % of total achievable votes reached, Proposal SGP - 0007 just passed the required 5% quorum and has passed the vote successfully.

Proposal [SGP - 0008]: Tangle Community Grant Committee Reviewer selection

1: Should Candidate "Linus Naumann" become a grant reviewer in the Tangle Community Grant committee?

Yes: 7,499,515,093,418,435 votes (75%)
Abstain: 2,495,312,023,360,148 votes (25%)

2: Should Candidate "Nicole O’Brien" become a grant reviewer in the Tangle Community Grant committee?

Yes: 6,966,323,205,693,391votes (69.7%)
Abstain: 3,028,503,911,085,192 votes (30.3%)

3: “Should Candidate "Finanzgoblin - Richard Mediavilla" become a grant reviewer in the Tangle Community Grant committee?

Yes: 5,352,923,096,768,932 votes (53.6%)
Abstain: 4,641,904,020,009,651 votes (46.4%)

4: Should Candidate "Yi-Wei Lin (Ian)" become a grant reviewer in the Tangle Community Grant committee?

Yes: 4,672,573,594,066,132 votes (46.7%)
Abstain: 5,322,253,522,712,451 votes (53.3%)

5: Should Candidate "Null / Rafael Bochado" become a grant reviewer in the Tangle Community Grant committee?

Yes: 2,645,601,385,625,991 votes (26.5%)
Abstain: 7,349,225,731,152,592 votes (73.5%)

6: Should Candidate "0xMarcus" become a grant reviewer in the Tangle Community Grant committee?

Yes: 4,554,484,970,311,247 votes (45.6%)
Abstain: 5,440,342,146,467,336 votes (54.4%)

7: Should Candidate "Wiwi" become a grant reviewer in the Tangle Community Grant committee?

Yes: 4.987,065,347,090,372 votes (49.9%)
Abstain: 5,007,761,769,688,211 votes (50.1%)

8: Should Candidate "Shelley Mae Villarin" become a grant reviewer in the Tangle Community Grant committee?

Yes: 1,300,418,881,371,132 votes (13%)
Abstain: 8,694,408,235,407,451 votes (87%)

With just 3.86% of total achievable votes reached, Proposal SGP - 0008 missed reaching the necessary quorum, and so it has been declined. Therefore, a new election for the Grant Reviewers of the Tangle Community Treasury Committee in the Shimmer network is necessary.

Proposal [SGP - 0009]: Tangle Community Grant Committee - Program Lead selection

Should Candidate "JD “Deep Sea” Sutton" become the Program Lead of the Tangle Community Grant committee?

Yes: 6,560,346,955,016,964 votes (67.2%)
Abstain: 3,198,801,267,564,356 votes (32.8%)

Proposal SGP - 0009 failed to reach the necessary quorum, with just 4.45% of the total achievable votes; therefore, it has been declined. A new election for a Program Lead of the Tangle Community Treasury Committee in the Shimmer network is necessary.