In fact, we’re already working on the on-chain’s governance, but in the meantime we’ve decided to migrate the forum’s voting mechanism to Astar townhall, an off-chain voting platform where ASTR holders can participate in governance decisions using their ASTR tokens.
I have been an advocate for an ASTR on-chain dao.
But recently I’m more in favour of giving voting power to those that participate and build the ecosystem.
When the token is the main value in a dao there is a problem with Autonomy.
We should reward the people that have built the project rather than those that can buy a large supply to pass a proposal.
I recommend a “Percentage-based voting structure”
Example:
25% is ASTR
25% is DEVs
20% is FORUM MEMBERS
15% is ASTR TEAM
15% is DISCORD/X/TELEGRAM users
I think that we should completely use governance tokens as voting power, like OP and Starknet. There will always be users who create multiple free accounts, so voting power should be given according to the amount of Dapps steaking.
So the free accounts thing can be fought against.
For example:
Anyone that has a github repository that mentions ASTAR before 08/06/2024 get’s 1,000,000 ASTR worth of power.
Let’s say there are 100 people like that.
Then those 100 can get extra power.
And they can vote for the 25%
The reason I suggest this is:
Broke Devs don’t get any say in how the platform that they built is run.
Devs know what is technically possible with governance.
Reward devs.
If someone bots X accounts for example…
We get a bigger social following
And we can vote to reduce the 15% to 1% or 0% if it gets out of control.
Binance maybe holds more ASTR than we can all vote against and they can just pass proposals easily.
Like what happened to steem…
That’s certainly a great idea. It’s true that a few whales often control everything. But the current voting system should change. I’m in favor of empowering developers, but I think there are some developers in dapps steaking who are not beneficial to Astar.
I find the conversation happening here extremely interesting and worth reading, which is why I recommend moving it to the townhall thread, as Gaiuss mentioned.