DAO Voting
To reduce the possible influence of whales or teams on the voting results, we implemented a number of measures aimed at maintaining a balanced and fair decision-making environment.
Token Weighted Voting:
To prevent undue concentration of voting power, we have adopted a token-weighted voting system. In this system, voting power is directly proportional to the number of tokens held by each participant. While larger stakeholders (whales) may hold a significant number of tokens, their voting power is commensurate with their token holdings. This approach ensures that no single entity can dominate the voting process solely due to a large token holding.
Voting Caps:
To further promote fairness, we have set voting caps on individual proposals. This means that each token holder is limited in the number of tokens they can use to vote on a specific proposal. By implementing voting caps, we prevent large stakeholders from overwhelming the voting process with their tokens and give equal voice to smaller token holders.
Gall Voting:
In certain critical decisions, we employ quadratic voting, a mechanism that encourages broad participation and protects against undue influence from a minority of large stakeholders. Gall voting assigns a square root value to the number of tokens used to vote on a proposal. This approach rewards broader participation by giving more weight to votes from a diverse set of token holders.
Timed Voting Windows:
To ensure that voting results accurately represent the current sentiment of the community, we implement timed voting windows. This means that each proposal has a predefined voting period, and token holders must cast their votes within this timeframe. By setting voting deadlines, we prevent entities from delaying voting until the last moment to tip the scales in their favor.
Transparent Governance Analytics:
We provide transparent governance analytics to the community, allowing all participants to review voting patterns and outcomes. This transparency fosters accountability and allows stakeholders to monitor the influence of various participants on the decision-making process.
By implementing these measures, we aim to create a governance system that is resilient, decentralized, and resistant to undue influence. Our commitment to transparency, fair participation, and continuous improvement ensures that the decision-making process reflects the collective will of the community and is safeguarded against manipulation. We welcome feedback and input from all participants to refine and optimize our governance mechanisms over time.
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