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DecentralandDecentralandby0xBB7B59Afa3A0E5Be143b8fE9C641F00c1ecB9d690xBB7B…9d69

Should the DAO implement a mechanism to delegate VP to multiple wallets?

Voting ended about 3 years agoSucceeded

by 0x511a22cdd2c4ee8357bb02df2578037ffe8a4d8d (ginoct)

Background:

Currently, voting power delegation in our DAO is limited to delegating to a single wallet address. That means that if a wallet has 1000VP, it can only delegate the totality of that VP to another address. At the moment, the walkaround to delegate VP to multiple users is first to transfer your tokens to multiple wallets and then delegate VP from each one of those wallets. This increases the cost of delegation due to the need for multiple transactions (At least one for transferring tokens and another one to delegate).

Proposed Solution:

This proposal suggests the implementation of a multi-address voting power delegation mechanism, which will allow members to delegate their voting power to multiple wallet addresses, rather than being limited to a single address.

Benefits:

  • Lower gas fees: Delegating to multiple addresses will require fewer transactions, leading to lower gas fees for members.
  • Increased transparency: Allowing members to delegate to multiple addresses will make it more transparent for anyone to see the different delegates another user has.
  • Improved voting power distribution: Allowing members to delegate to multiple addresses will enable a more distributed voting power, resulting in a more representative decision-making process.
  • Yes
  • No
  • Invalid question/options

Vote on this proposal on the Decentraland DAO

Off-Chain Vote

Yes
6.94M VP100%
No
0 VP0%
Invalid question/options
0.11 VP0%
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Timeline

Jan 10, 2023Proposal created
Jan 10, 2023Proposal vote started
Jan 15, 2023Proposal vote ended
Oct 26, 2023Proposal updated