The current quorum for governance voting is 40% of staked luna. But, as the terraform labs takes significant amount of voting power(roughly 47% of total voting power). If the terraform labs sit out of the vote the actual quorum goes up to 75%(40/53). What this number actually represents is, considering the current participation, while the terraform labs remain passive, the proposal will highly unlike to pass.
The goal of this proposal is to make quorum more realistic considering the terraform labs voting power. As the current voting power is about 250mil and the terraform labs voting power is about 117mil, I suggest 40% of voting power except terraform labs voting power for the quorum. The number will be (250-117)*0.4/250 = 21.28%. To keep things simple, I suggest to decrease our quorum from 40% to 20%.
Would love to hear your thoughts or alternate proposal.