CityDAO

Citizens,

It is proposed that we switch from the current One-Token One-Vote system to a version of Quadratic Voting (also known as “QV” or “Plural Voting”).

In the proposed version of QV, the number of votes a Citizen has would be equal to the square root of their Citizen token holdings. For example, a Citizen with 9 tokens has 3 votes; under the current system she has 9. Holdings that do not cleanly root get rounded down – 6 becomes 2 rather than 2.449.

This change is proposed because, in recent Snapshots, there have been many people who hold multiple citizen NFTs having a large impact on voting outcomes. It is acknowledged that this is not a perfect solution – someone could transfer Citizen tokens to another wallet that they control.

The Engineering Guild has commissioned a custom, open source CityDAO QV Snapshot Strategy which was reviewed by Snapshot’s engineering team and merged into their codebase here. It has also been successfully tested by Scott and myself (Will Holley).

Our version of QV is considered partial because it does not use the full specification of QV authored by Vitalik and RadicalxChange’s Glen Weyl. In full QV, each Citizen token is given multiple “voting credits” which can be spread out across multiple options and finally then counted by the square root. A full example can be found here.

The proposers believe that the switch from One-Token One-Vote will be shocking for some people and that we should first transition successfully to partial before transitioning to full QV; therefore CityDAO’s custom QV strategy is future-compatible to enable full Quadratic Voting when we’re ready.