Ledger Sequences
Stellar: 56,121,374
| | Vote Start | Mar 17, 2024 20:00 GMT | First included Stellar ledger: 56,197,285 | | Vote End | Mar 21, 2024 20:00 GMT | Last included Stellar ledger: 56,256,292 | | Results Published | Apr 2, 2024 20:00 GMT | | | Implementation | Q2 2025 | | ## Description [SHx Governance Rules](/shx/shx-governance-rules.md#section-2a-stellar-voting-process) in Article V of the [SHx Governance Rules](/shx/shx-governance-rules.md) 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. ## Background 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. ## Voting Notes 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. *** ### Results A total of 78,808,031 voting power participated in the proposal vote. #### Question *Should SHx gov votes from all ledgers (Stellar & Ethereum) be recorded in a smart contract on the Stellar ledger?* | Response | Position | Votes | | -------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | | FOR | The adoption of the SHx Governance Snapshot unifies all SHx governance votes—from both Stellar and Ethereum—under a single smart contract on the Stellar network. | 77,148,850 | | AGAINST | The proposal to record all SHx votes on Stellar smart contracts should not be adopted as the sole voting mechanism for SHx governance. | 0 | | ABSTAIN | Abstain from voting for this proposal. | 1,659,181 | {% hint style="success" %} Outcome: FOR. The adoption of the SHx Governance Snapshot unifies all SHx governance votes—from both Stellar and Ethereum—under a single smart contract on the Stellar network. {% endhint %} --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.shx.stronghold.co/governance/proposals/5-recording-of-votes-in-a-smart-contract.md?ask=