Should we only consider GIVpower (Staked/Locked GIV) for Snapshot voting power?

This vote proposes to change the strategies used in this Snapshot voting instance to only consider a voter's GIVpower and exclude any GIV that is not staked/locked from their calculated voting power as well as rGIV.

This change would mean that your GIV tokens will need to be staked and/or locked in GIVpower on Gnosis Chain or Optimism (and any future chains with GIVpower) in order to be used in our Snapshot as voting power.

Additionally we would propose to remove rGIV from the Snapshot strategies used here. Coupled with only using GIVpower in Snapshot this would simplify our voting calculations, our governance processes, while boosting the utility of GIV and GIVpower.

To Consider:

• GIV tokens on mainnet will never have voting power, because GIVpower is not available on mainnet, and probably will never be.
• Potentially we will have a smaller pool of eligible voters on Snapshot proposals since holders are required to stake their tokens.
• Removing this utility of rGIV means rGIV has no real utility and likely as a result we will halt any distribution process of rGIV for the foreseeable future.

The Voting Options

• Yes to everything! - Make both proposed changes to this Snapshot
• Keep rGIV, change GIV to GIVpower - Keep rGIV in the voting power calculations, change to exclude unstaked GIV and consider only GIVpower
• Keep GIV as is, remove rGIV - Remove rGIV from voting power calculations, Keep unstaked GIV included in voting power calculations
• No to everything - Reject all proposed changes to Snapshot

Read more on this topic at the forum post attached.