[DAO:5993a37] Should the DAO implement a mechanism to delegate VP to multiple wallets?

Governance
1

by 0x511a22cdd2c4ee8357bb02df2578037ffe8a4d8d (ginoct)

Background:

Currently, voting power delegation in our DAO is limited to delegating to a single wallet address. That means that if a wallet has 1000VP, it can only delegate the totality of that VP to another address. At the moment, the walkaround to delegate VP to multiple users is first to transfer your tokens to multiple wallets and then delegate VP from each one of those wallets. This increases the cost of delegation due to the need for multiple transactions (At least one for transferring tokens and another one to delegate).

Proposed Solution:

This proposal suggests the implementation of a multi-address voting power delegation mechanism, which will allow members to delegate their voting power to multiple wallet addresses, rather than being limited to a single address.

Benefits:

  • Lower gas fees: Delegating to multiple addresses will require fewer transactions, leading to lower gas fees for members.
  • Increased transparency: Allowing members to delegate to multiple addresses will make it more transparent for anyone to see the different delegates another user has.
  • Improved voting power distribution: Allowing members to delegate to multiple addresses will enable a more distributed voting power, resulting in a more representative decision-making process.
  • Yes
  • No
  • Invalid question/options

Vote on this proposal on the Decentraland DAO

View this proposal on Snapshot

1 Like
2

I really like this idea! One of the pushes we were doing in the community, was to try and get as many people delegated so we can have more impact as community, and so no extreme power is in one hand. Like the whales have right now. I hope with the delegation process, and if this passes, then more people will have more than 1 vp and be able to have some say in the governance here. Which often people feel like they don’t. Thank you for this @ginoct!

3

I agree with @ckbubbles. Voting YES to allow for larger wallets to fractionalize their VP to multiple users, since delegating an entire wallet to another user doesn’t help solve “whaling”.

4

Thank you for making this proposal Gino! This costs nothing, saves delegators lots of time/transactions, and gives delegation the potential to be scaled up/automated.

5

Won’t Snapshot need to implement this since the DAO uses snapshot for DAO votes?

6

No, we can create our own strategy with our own smartcontract for delegation

1 Like
7

Cool, thanks for the education

8

Should the DAO implement a mechanism to delegate VP to multiple wallets?

This proposal is now in status: FINISHED.

Voting Results:

  • Yes 100% 6,937,587 VP (161 votes)
  • No 0% 0 VP (1 votes)
  • Invalid question/options 0% 0 VP (2 votes)
9

Should the DAO implement a mechanism to delegate VP to multiple wallets?

This proposal has been PASSED by a DAO Committee Member (0xbef99f5f55cf7cdb3a70998c57061b7e1386a9b0)