Treasury Delegation Round 2 Elections

This proposal (Link Here) represents the second of two phases of the Treasury Delegation Round 2 application process, the election. The following nominees have been validated as eligible for inclusion during the first application phase.

Voting Process: The DAO will allocate voting power to each candidate as it sees fit. At the end of the voting period, all delegates will be ranked in order from the most to the least votes received. Sequentially from the top of the list to the bottom, each delegate will receive delegated voting power up to the point at which they individually hold 2.5M total VP. Then, the process repeats for the next delegate, and the next, until all VP has been allocated.

Self-Voting Policy: Because this election is not for a finite number of seats, and it is best to encourage broader distribution of votes, self-voting will not leverage the max-matching model seen during committee elections. Instead, each voter will be eligible to commit a maximum of 25% to himself or herself and distribute the remainder as they see fit.

Violation Policy: If a delegate violates the self-voting policy, the portion of their voting power allocated to themself will be considered void. Any portion allocated toward other delegates will persist.

Ranking and Distribution Calculations: After election closure, all nominees will be ranked in order of most to least votes received, and the waterfall voting power distribution discussed in the GLI forum post will be calculated.

Dispute Window: The UAC will share the distribution results and provide a 3-day dispute window.

On-chain Vote: Shortly following the closure of the dispute window, the UAC will publish the final on-chain proposal.