BIP-95: VP Cap Per Work Per Wallet

Note: Snapshot is only a summary and may leave ambiguities that are covered in the full BIP in the forum which takes precedent.

Summary

BIP-95 proposes introducing a maximum VP allocation of 100,000 VP per work per voting round. No single wallet will be able to assign more than 100,000 VP to any individual artwork. This reduces the ability of large holders to unilaterally dominate mint outcomes and creates a more level playing field across the DAO.

Proposal Specification

1. A maximum of 100,000 VP may be allocated to any single work per voting round, per wallet.
2. The cap applies per wallet address. Multi-wallet circumvention will be monitored and addressed in a follow-up governance proposal if needed.
3. In the context of future VP delegation, delegated VP from multiple wallets directed to a single curator wallet remains subject to the 100,000 VP per work cap. The mechanics of how delegated VP interacts with this cap will be formally defined in the VP delegation proposal.
4. The platform team will implement the cap in the voting interface, with a visual indicator showing voters when they have reached their cap on a given work.
5. Requires platform changes and documentation updates.

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Timeline

If passed, the cap will be implemented at the start of the next period. The DAO will review the impact at the end of that period and adjust the cap via a follow-up governance proposal if needed.

Budget

Platform development time only. No additional budget required.

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Criteria of Success

• No single work receives more than 100,000 VP from a single wallet in any round
• Reduction in last-minute single-voter dominance of mint outcomes
• Broader VP distribution across the leaderboard

Disadvantages/Risks

• Large holder friction: large holders may feel their influence is being artificially constrained
• Multi-wallet circumvention: does not prevent coordinated multi-wallet VP concentration; will be addressed in a follow-up proposal if needed
• Platform changes required: requires implementation and documentation updates