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

by 0x1e93e534c5e26b01ed242410b43ae23dd0faa52b (ile)

Linked Pre-Proposal

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

Summary

Lets encourage more VP delegation in our DAO by making it easier and less expensive!

Abstract

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).

Motivation

For the past three months I've been experimenting with delegating VP to the top monthly voter and explorer. I would like to expand this program to include the top 5 monthly voters and explorers but right now it's too much hassle to manage and move mana between 10 separate wallets. Passing this proposal will make delegation easier for my experiment and also allow whales to easily break up and delegate VP to decentralites who deserve it.

Specification

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.

Conclusion

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.

Special thanks to Gino for creating the original poll.

Vote on this proposal on the Decentraland DAO