Since the inception of the QiDAO, there is currently $1.7 million USD worth of TVL across all open $GHST vaults. This is a lot of $GHST that is otherwise sitting underutilized and unmarked in terms of voting rights.
I am proposing that we start issuing FRENS points AND voting rights to vault owners either on a 1:1 basis (1 $GHST locked = 1 Frens point = 1 Voting Right point) or some diluted basis due to the fact that many use vaults for leveraging and borrowing more $GHST. This would fix a lot of capital and governance inefficiencies that currently exist if implemented.
I do not know the technical lifting that would need to be done to get this accomplished, and would like to find some answers to that in this forum.
Let’s get this discussion going so a snapshot vote can take place if feasible. I believe that the Frens Committee and Pixelcraft should weigh-in a lot here and would love everyone’s feedback.