I continue to advocate for two tier voting, specifically voting by Gotchi holdings for DAO decisions pertaining to game play. Although they have a financial advantage, GHST high asset participants don’t disproportionately overweight the class of Gotchi asset holders.
Based on a 3/19/2021 analysis of Gotchi holdings:
- there were 77 participants having 10 or more Gotchis out a total of 4922 Gotchis
- having a mean average of about 18.3% of all Gotchis
- the largest holder had 114 Gotchis, about 2.3%
- the median for the top 10 Gotchi holders was 15 Gotchis
There is little risk of plutocratic decision making with voting based on Gotchi holdings. I think trying to transform Gotchi holdings into an equivalent GHST value for the purpose of voting with the GHST class will always be problematic because of changing market conditions. BRS value, on the other hand, is driven totally by game participation.
I think the simplest way to weight Gotchi class voting is by BRS value (or equivalent) of all “engaged” ERC721 and ERC1155 assets. By this I mean summoned Gotchis, claimed and owned wearables/consumables, and the highest BRS valued Gotchi in opened portals. Wearables and consumables would be counted by the integer value of their “stats” regardless of type: NRG, BRN, AGG, SPK, EYS, EYC, and Kinship value and XP for consumables. The only bonus scaler would be the experience level of a Gotchi based on the formula
Final Gotchi vote weight = BRS * ( 1+ ( INT(Level/3) * .03) )
This Level bonus would only apply to Gotchis, not unequipped wearables or consumables. Using the Level as an adjustment would reward long term commitment to Aavegotchi. For example, the final voting weight of Gotchi with a BRS of 495 (including all wearables) at Level 20 would calculate as
Voting weight = 495 * ( 1+ (INT(20/3) .03) = 495 * (1 + INT(6.66) .03) = 495 * (1 + 0.18) = 584.1
Based on the above formula, the BRS value of a Gotchi at Level 99 would be multiplied by 1.99 to determine its final voting weight.
I’m not clear yet how to value unopened portals for Gotchi class voting. My initial inclination was to put them in the GHST voting class and count them at 100 GHST per unopened portal. Not sure that is a fair way to handle unopened portal voting interests for decisions involving new Haunts. There might be way to assign a BRS value to unopened portals.
GHST class voting would prevail for financial actions like the bonding curve, reserve ratio, Eco System and Team funds, Treasury tap, GHST burning, etc., weighted by GHST. Again, Haunt decisions are tricky. GHST holdings should probably have some influence on Haunt decisions so long as BRS valued Gotchi holdings are overweighted. I tried to decompose the Haunt into financial and non-financial aspects from a voting perspective, to divide Haunt parameters between voting classes, but without much success.
This is a work in progress. Please comment, tear it apart, whatever your think might make it better.
p.s. With regard to GHST class voting, I find quadratic voting appealing. It isn’t perfect. Without identity management, for instance, there are ways to game DAO voting, like spreading GHST across multiple wallets to “harvest” a larger number of cheaper votes. The double square root voting system, a quadratic system which also dynamically adjusts the quota for a vote to pass as a function of vote weight distribution, disincentivizes many forms of vote manipulation even without voter identity (for a good write-up see In praise of the double square root voting system for blockchain governance | Hacker Noon. Make sure that you check out the embedded Double Square Root Voting Quota Calculator spreadsheet).