TLDR:
Currently, if you hold 500 XIO + equivalent ETH as an LP, you have 500 XIO voting power. Compared to someone holding 1,000 XIO only, who currently has 1,000 XIO voting power.
This proposal will change this so that LPs have the same voting power as holders, relative to their value. Example: this would change it so an LP with 500 XIO + equivalent ETH would have 1,000 XIO voting power.
Link to discussion: https://forum.blockzerolabs.io/t/proposal-discussion-should-lps-have-the-same-voting-power-as-holders-relative-to-their-value-on-snapshot-voting/1559