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| 1 | +--- |
| 2 | +title: "Conviction Parameters" |
| 3 | +--- |
| 4 | + |
| 5 | +Conviction Voting allows proposals to be evaluated continuously and concurrently. Participants can express their preferences for the proposals they support, and their support accumulates over time. Any actions connected to a Conviction Voting Pool - like a funding distribution - are only executable when Conviction reaches a calculated threshold. |
| 6 | + |
| 7 | +## Conviction growth |
| 8 | + |
| 9 | +**Pool Types = Funding, Signaling, Streaming** |
| 10 | + |
| 11 | +Determines the rate at which a proposal accumulates conviction. |
| 12 | + |
| 13 | +A higher value for Conviction Growth means proposals will take longer to accumulate strength based on their support. This parameter is logarithmic and represents its "half-life," or the amount of time for conviction to reach 50% of its support. |
| 14 | + |
| 15 | +Example: |
| 16 | + |
| 17 | +- Conviction Growth = 7 days. |
| 18 | +- Alice has 10% of a Pool's voting weight, and supports Proposal B with all of her voting weight. After leaving her support allocated for 14 days, conviction on Proposal B is 7.5%, or 2 half-lifes. |
| 19 | + |
| 20 | +## Minimum Conviction |
| 21 | + |
| 22 | +**Pool Types = Funding, Streaming** |
| 23 | + |
| 24 | +In a Funding Pool, minimum conviction is the minimum voting weight needed for a proposal to pass. This parameter is defined as a percentage of total voting weight in a pool, and sets the amount of conviction needed for the smallest possible funding proposal (i.e. 0 tokens) to pass. |
| 25 | + |
| 26 | +In a Streaming Pool, minimum conviction is the percentage of voting weight needed for the tokens to begin streaming. |
| 27 | + |
| 28 | +## Spending Limit |
| 29 | + |
| 30 | +**Pool Types = Funding** |
| 31 | + |
| 32 | +The spending limit caps the number of tokens that can be requested in a single proposal. This parameter is defined as a percentage of tokens in the funding pool, and sets the amount of tokens requested where the proposal cannot be passed because 100% of the Pool's voting weight would need to accumulate conviction. |
| 33 | + |
| 34 | +## Fixed Minimum Threshold |
| 35 | + |
| 36 | +**Pool Types = Funding** |
| 37 | + |
| 38 | +This threshold is a fixed value representing the minimum voting weight that conviction must reach for a proposal to pass. |
| 39 | + |
| 40 | +This parameter overrides the Minimum Conviction parameter when its value is greater, and is a safeguard for newly created Pools or Pools that for any other reason do not have enough voting weight activated for funds to be considered secure. |
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