On April 21st, 2022, Nation3 published its first two governance proposals on Snapshot.
Both proposals presented multiple voting options with single-choice voting as voting system.
The current voting system forced us to vote with 100% of our voting power to a single option. This didn’t feel good for two reasons:
- With the current voting power distribution minority stakeholders might feel disenfranchised.
- We want to be able to spread our voting power across more than one option.
We propose to use quadratic voting on future proposals.
First, it would allow anyone to spread their voting power between multiple choices. This reflects preferences more truthfully and avoids “strategic voting” issues.
Secondly, it creates more balanced voting scenarios between the number of votes & voting power (strongest commitment).
For further detail, read the original paper.
Use Voting system: Quadratic voting on future Snapshot proposals.
Co-authored with: @0xPaella
We want to open a discussion here before formally opening the vote on Snapshot.