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Donut DAODonut DAOby0x2A043F315F24762937CBCf0EB6CB313a43bDE5340x2A04…E534

[Governance Poll] Boost voting incentives for participating in governance polls.

Voting ended almost 2 years agoSucceeded

Current situation CSV data over the last 6 months indicate we have approximately 500-750 users participating in the earning of DONUTs. However, the latest governance proposal, only 88 users submitted their vote.

This is less than 20% of the active users in the last month casting their vote.

Problem The core concept of DONUT is to serve as a governance token - the lack of governance participation is a concern.

Solution To increase governance participation, I recommend boosting rewards for voting.

The current implementation can be found here, as per the previous governance proposal.

I propose the Voter bonus is increased to 10% karma/vote score & 2.5% per additional poll in which vote is cast.

Vote in 2 polls, receive a 12.5% bonus, Vote in 3, 15% etc.

This bonus will come from the total amount of the distribution. If there are no polls during that period, nothing changes when it comes to the rewards a user would get.

This will not increase DONUT issuance, but is applied to the scores to the existing donut allocation rewards.

This means, with more proposals, and more bonus applied there are higher karma scores means lower donut ratio.

If everybody votes, everybody remains on equal ground - this will only increase donut rewards for users who participate in governance relative to users who do not participate in governance.

Benefits: • This will amplify the governance use-case of DONUTs, which is the first and foremost use-case of DONUT.

• Encouraging active users to vote.

• Accounts which farm for donuts and do not participate in governance will not be rewarded as much

• Bot accounts will likely not be able to earn a bonus as voting is done via snapshot.org

Concerns: • Users may vote blindly/randomly just to secure the extra bonus.

The choices are: · [YES]

· [ABSTAIN]

· [NO]

Off-Chain Vote

Yes
6.34M DONUT90.6%
Abstain
422.6K DONUT6%
No
236.02K DONUT3.4%
Quorum:156%
Download mobile app to vote

Timeline

Apr 22, 2024Proposal created
Apr 22, 2024Proposal vote started
Apr 27, 2024Proposal vote ended
Apr 27, 2024Proposal updated