Historic Vote

Article V, sections 2a and 2b of the SHx Governance Rules currently specify separate methods for recording votes on the Stellar and Ethereum ledgers. With Soroban functionality now stable and available, SHx votes can be recorded in smart contracts rather than as transactions on the Stellar chain or through Snapshot.org for Ethereum. This transition will enhance the capabilities of the SHx governance application through expanded smart contract functionality.

This proposal seeks to consolidate the recording of votes from all ledgers into a single smart contract deployed on Soroban, replacing Article V Section 2 entirely. Specific implementation details will be developed following approval of this proposal.

Following the successful launch of Stellar's Soroban smart contracts platform, Stronghold is developing additional Stellar-based smart contract functionality for the SHx ecosystem. These developments include treasury escrows and the proposed voting record system (with snapshots being considered contingent on this proposal's passage).

Regardless of this vote's outcome, Stronghold will enhance the SHx voting portal to create a comprehensive governance hub. This hub will facilitate voting, provide access to historical vote information, and connect to SHx-related smart contracts such as escrows for easier inspection.

Consolidating votes from all ledgers (Stellar, Ethereum, and any future blockchain integrations) into a Stellar-based smart contract would streamline voting operations. This approach would simplify development of additional voting tools, vote counting mechanisms, and other governance applications. The current system—relying on Snapshot for Ethereum and transaction-based voting for Stellar—presents integration challenges and lacks the elegance and functionality of a dedicated smart contract solution.

The vote asks whether SHx governance votes from all ledgers (Stellar & Ethereum) be recorded in a smart contract on the Stellar ledger.

As a Governance Rules amendment, this proposal requires a two-thirds (2/3) super-majority and a quorum of 25% of the active circulating supply to pass. If necessary, Stronghold will vote in alignment with the simple majority's preference to help implement the community's desired outcome.

Stellar

A WalletConnect enabled wallet (such as Lobstr) or Stellar's Freighter browser extension is required to vote using this tool. For more information on how to vote, including alternate methods, please see the Voting Process docs.