Hi @iTo , I referenced it here in some of my thoughts around governance. Request for Comment. Proposal for government restructuring
I actually learnt this from the Ethfinex/Deversifi approach (so credit to them), as it was something we had considered during the Ethfinex Governance forum. The approach goes something like this:
- Assume there is a 4-week period for voting.
- Traditionally, 1 voting token is entitled to 1 vote.
- During week 1, any votes cast by a voting token receives 2.5x voting power.
- During week 2, any votes cast by a voting token receives 2.0x voting power.
- During week 3, any votes cast by a voting token receives 1.5x voting power.
- During week 4, any votes cast by a voting token receives 1.0x voting power (no boost).
This incentivizes people to vote early rather than late. Otherwise a lot of ppl may leave the voting till late (apart from quorum risks, this also introduces last-minute gaming of votes).
While people are incentivized to vote early, there is no monetary loss to the system. No YFI rewards are given out.