Aavegotchi

Author: CryptoGotchi GotchiID: 8612 Quorum requirement: None (poll) Discussion: https://discord.com/channels/732491344970383370/1392863251741802527

Poll (the winning option will be used for the core-prop of “A Partial Treasury Distribution”).

Summary:

The long time holding pool could be distributed in a variety of ways. We don’t want to distribute to entities like Binance or to people who have already exited the ecosystem. So historical voting power (VP) or cumulative VP is not the best metric for this. However, we do want to reward long-time holders, as they are the reason we are not at 2 cent GHST or 10 GHST Gotchis right now. Three options are presented for a fair distribution of the long term holding pool.

A. Voting Percentiles Weighted VP:
This would have three positive effects. Not only would it correlate with how long people have been in our ecosystem, but also with their participation in governance. We tend to struggle with VP, and everyone who participates helps our DAO stay functional. Finally, it would disfavor wallets that, in the past, strategically withheld votes to tank proposals by withholding quorum; an exploit in our current voting system.

B. Time-in-Ecosystem Weighted VP:
If we don’t think participation in governance should be rewarded beyond XP, we could instead use a wallet’s first interaction with the Aavegotchi Diamond and use percentiles for “time in our ecosystem” as a weight.

C. The Average of A and B:
The best of both worlds.

FAQ

Does voting percentiles include the creation of proposals?
No. Only voting on a proposal will be considered. Proposal authors will not receive any added benefits from this.

I had my Gotchis in GotchiVault or Orium for a while. Am I getting disadvantaged by voting percentiles?
No. Orium required the owner of their containers to still vote on a proposal. GotchiVault had proposals mirrored, so for AGIPs on GotchiVault, we can query the GotchiVault Snapshot instead.