I believe that most of the users vote for XP.
I believe this was a good idea, as Aavegotchi is one of the most active DAO.
And, I believe this has a major flaw.
What if I told you that most of the voters can be easily manipulated?
First, you post in the DAO Forum as one should.
An infinitesimal minority of DAO participants argue, talk about pros and cons.
You can act like you care about that and take some into account (but you really don’t have to change your perfect plan).
Now that you officially went through a DAO forum, you can raise the sig prop.
This is where manipulation happens.
As soon as you raise the sig prop, you and your whalish peers instant-vote on what you want out of this sig prop.
Now comes the XP flaw.
The “casual user” connects and sees the new sig prop and has to vote because of XP.
He never heard of this new sig prop. He barely reads the small summary and sees the current votes.
Enter the 3rd player. Herd Mentality.
Our “casual user” sees that one of the options is at 98% vote and thinks to himself “huh, everyone seems to think this is a good idea and they probably spent time thinking about this”.
The other thought is:
“They are invested in this project, they won’t do something that would affect it badly, for sure!”.
The XP flaw doesn’t stop here.
Because of it, we’re surely reaching quorum.
You can check past sig props, they always reach quorum.
Now what? Now it’s a core prop.
You repeat the same strat and vote as soon as the core prop is up.
The “casual user” will think even less.
I mean, voters already agree on the same option AND it already went through sig prop, reached quorum with +80% for this option.
This core prop is just a formality.
Voilà, you just changed the project how you wanted.
I believe one solution is allowing voting power delegation with XP distribution to the user delegating his voting power.
Entities that can receive Voting Power should put their candidature up and must be chosen in conjunction with PC and the DAO.
The amount of Voting Power an entity can have should be limited. I would say up to 1M GHST (FYI Last core prop received 19M GHST Votes). And the list can grow as overall voting power grows.
Yes overall we would have less individual voters.
We will be trading quantity for quality.
We could also, just ideas:
- Add some slashing mechanism if the entity doesn’t vote
- Request it to be a multisig
- Be doxxed to PC
Last but not least, those entities could be used for more validation down the line like approving / rejecting which NFT can be displayed on the gotchiverse.
As a reminder, voting power delegation exists in other DAOs like AAVE.
Last but not least, most voters don’t spend more than 5 minutes reading about a vote where entities must spend a lot of time reading and participating in DAO Forum.
I will update this main thread with what you think, pros, cons, and other ideas so that you don’t have to scroll through.
PS: I used the word “entity” in this post but clearly we need a cool name.