0x Gov

Goal of the Vote

This snapshot vote is to gather community sentiment toward reallocating the inactive voting power that was initially delegated during the Bootstrap Delegate initiative evenly across the self-nominated community members.

Note that this proposal is a variation of the original experiment proposed in the governance forum in two ways that are described below.

Scope

The forum post on this topic can be found at https://gov.0x.org/t/rfc-short-term-delegation-experiment/3549.

In summary, the goal of the proposed experiment is to reactivate inactive voting power in response to the drop in overall voting participation over the past 18 months by empowering new community members.

Over the past week, 7 community members have self-nominated themselves to be considered for the reallocated voting power. Below is an alphabetized list of them linked to their self-nomination:

• Aishwary
• Celo
• Daniel
• GFX Labs
• Flipside Crypto
• Koppany
• Patrick

If this vote is successful, the 3M cumulative voting power that was initially delegated to SonOfPegasus and DeFi Saver will be evenly reallocated across these 7 new community members.

As noted in the top of this vote description, this proposal differs from the original one presented in the governance forum in both process and outcome.

• (1) instead of 2 snapshot votes, one to measure sentiment around reallocating inactive voting power and one to indicate support for individuals to receive that reallocation, the variation is 1 snapshot vote to measure sentiment to reallocate inactive voting power to all self-nominated community members;
• (2) instead of reallocating to 3 new members, the variation is to reallocate to all 7 self-nominated members.

Given that the goal was to increase the number of individuals/groups participating in governance, I believe that these changes are appropriate and do not introduce any significant deviation.

If this vote passes, there will also be one more snapshot vote to measure community sentiment for delegate compensation which is the second component of the proposed experiment.

Do you support the reallocation of delegated voting power from inactive Bootstrap Delegates to new community members?