Reducing duration of spending periods

Spending periods currently set at 24 days are a big problem. It takes up to 28 days for a referendum to pass, then you have to add 7 days confirmation and if let's assume the confirmation ends on the first day of a new spending period you have to wait another 24 days. From what I've heard this choice of 24 days is completely arbitrary but it seems to create a lot of problems because it takes like 2 months to receive funds from when a referendum is initiated if you're unlucky with the spending period. So why create this extra uncertainty? I would suggest to reduce the spending period to the shortest possible time, if it's one day it's great, if it's not possible maybe to 1 week? The shorter the better of course whatever is technically feasible

Reply
Up
Share
Status
Decision28d
Confirmation
1d
Attempts
1
Tally
99.9%Aye
50.0%Threshold
0.1%Nay
Aye
55.54MDOT
Nay
46,382DOT
  • 0.0%
  • 0.0%

    Threshold

  • 0.0%
Support
1.01%
14.3MDOT
Issuance
1.42BDOT
Votes
Nested
Flattened
Calls
Check how referenda works here.
Call
Metadata
Timeline6
Votes Bubble
Statistics
Comments
[Deleted Account]

Good idea! Not for all decision but many no need 28 days of decisions.

Edited

Reply
Up