I have been lurking in the Arbitrum governance forum and reading through various proposals and discussions. Being a token holder and keenly interested learning about governance model, I have been following the updates on how the newly formed ARB DAO is looking at handling governance and keeping it transparent, diverse, engaging and committed.
I always believed the DAO to be:
Decentralized as much as it can
Community and Stakeholder focused
I would like to see more active discussion and newer ways of cutting-edge governance proposal.
Will keep an eye to share my thoughts and experience.
I’d love to see this. I’m a big fan of Quadratic Weighted Staking.
To utilize governance tokens, $ARB holders would have to stake their $ARB to “charge up” (yes, like turbo in NBA Jam!). Let’s say that staking for 3 months gives your 80% of your governance weight. 1 year would give you 90%. A logarithmic curve.
Flexible Voting would allow people to LP and earn yeild while staking for governance.
It is called “Quadratic” because the voting power is the square root of $ARB tokens held times the “charge up” coefficient. This makes the preferences of many more important than the few.
Additionally, by forcing staking commitments to vote, it creates a natural sybil resistance because bad actors are forced to play into positive sum game theory.
I’d love to propose this to governance sooner than later.