by 0x785c8d210ab8888da6d121faa0a9568f75400b13 (VinnyPiazza)
The goal of this proposal is the balancing of Voting Power across the Decentraland community regardless of contribution method; investor, creator, or consumer. I am proposing a more balanced Voting Power allocation, should the methods of the proposed allocations be feasible and amendable.
Preserving a near relative Voting Power for current leading voters is essential to gain support on getting a more balanced voting system approved and implemented. This proposal conserves the Voting Power of leading voters and adds additional voting power through creative balancing while preventing material dilution.
There is an imbalance of Voting Power favoring those with large amounts of MANA or LAND creating a perceived class war. Understanding that MANA and LAND are investments in DCL, they deserve fair Voting Power but no one DCL contribution asset should overshadow the community as a whole. All stakeholders should have an equitable say.
- 1 MANA contributes 1 VP
- 1 NAME contributes 100 VP
- 1 LAND parcel contributes 2000 VP
- Each Estate is worth 2000 multiplied by the number of single LAND parcels in that Estate. For example, an Estate with 2 parcels will contribute 4000 VP to your total voting power.
In the Works:
- Some L1 wearables will get additional VP based on proposal “Wearables Working Group: Attach VP to Limited # of L1 Wearable Collections”.
By adding additional voting rights through new allocations using relative contribution and vested interest factors, it disperses the Voting Power across the community in a more equitable way.
In addition to current Voting Power allocation…
- 1 MANA spent in DCL contributes 1.5 VP (new)
- 1 WEARABLES CREATED contributes 100 VP (new)
- 1 EMOTES CREATED contributes 100 VP (new)
- ACTIVE DAYS in Decentraland contributes = 1 VP per day (new)
- DOB of Decentraland Character = 0.5 VP per day (new)
NAME and LAND owners would be getting a small inherent multiplier for both spending MANA and having their respective Decentraland assets. An additional inherent multiplier is the MANA from LAND proceeds, such as renting, that the asset owner continues to hold in their DCL connected wallet.
WEARABLE CREATORS would be getting a inherent multiplier for both spending MANA (in DCL) and being a content creator for DCL. An additional multiplier is the MANA proceeds from wearable sales that continue to be held in their DCL connected wallet.
These are reasonable inherent multipliers that give greater weight to those that have long term horizons on the success of DCL. These investments are not as easy to divest giving them more incentive for long term growth of Decentraland.
This proposal for balancing Voting Power in Decentraland gives investors, creators, & consumers more equitable voting power allowing for the voices and opinions of the community to be heard. This creates a vested interest in the betterment of Decentraland and ultimately more engagement. This promotes investments that create stickiness to DCL which increases the value of past contributions (investments) in DCL. Some of the additional Voting Power also promotes spending in Decentraland which gives the DAO more revenue to service DCL.
I would expect future proposals for re-balancing as the community and its contributing members grow, however the members choose to contribute.
- Add New VP Allocations
- Leave VP As Is
- Invalid question/options
Vote on this proposal on the Decentraland DAO