I agree that the use of treasury delegations is a valuable tool. Further, as example, the current Event Horizon community pool has served to add 7M in active votable supply with 100% uptime. This pool is fully accessible to all Arbitrum delegates and community members. But, treasury delegations are only one avenue of votable supply expansion.
I’d like to open discussions around increasing VS through:
A. Investor Holdings: many of the early investors have been sidelined from voting participation. Often, this is due to workload requirements and legal limitations. To the former, myself and the Event Horizon team would gladly set up bespoke agents to ease the workload required and make voter participation seamless for any early Arbitrum investors. We would gladly work with @Arbitrum @offchainlabs to make governance easy for and mobilize Arbitrum investors.
B. Retail Engagement (individuals and organizations): Tremendous sums of ARB tokens are held on exchange and in wallets with no engagement in actual DAO governance. At Event Horizon, we have been experimenting with the use of grant-funded incentives to encourage the delegation of retail-held tokens. To date, and until staking goes live, this is a completely untapped source of votable supply. Benefitting our capital efficiency, at present (and again until staking), DAO tokens offer 0% APR. As such, with just $1,500 in emitted rewards, Event Horizon has garnered >$1.5M in votable supply. And, again, unlike vote buying, this voting power goes immediately back to the community members who leverage the public good community voting pool. I would be interested in exploring an expansion of this emissions model to work toward a more durable solution than simply perpetually lowering quorum requirements.