Acala Community Releases Expedited Referendum Proposal to Shorten Normal Referendum Voting Period from 5 Days to 1 Day

The Acala Community Governance Forum released a proposal for an expedited referendum, stating that the community will have a number of decisions to be made related to proposals for correcting the erroneous aUSD mints and network states. Instead of requesting a fast track of referendums every time, it would propose: shortening the normal referendum voting period from 5 days to 1 day; shortening the enactment period from 48 hours to 8 hours; shortening the launch period from 5 days to 1 day; and raising the deposit bond from $200 ACA to $1,000 ACA to reduce possible spam. The above changes will ensure that the community can raise normal referendum proposals without requesting a fast track during this special period for Acala. Acala can revert it back to current settings after the chain is back to normal operations.