The state of Astar governance and our development plans

Astar Initiatives
44

  • 42 pages and no single direct word about ambassadors - only “people that contributed to Astar Network or the protocol with ideas and innovations. Anyone who adds direct value to the Astar Network through product development.”

  • So the main generational power for govASTR will be locked ASTR in DappStaking ?

  • Can you explain govASTR aspect more?

  • And Ambassadorship not counted in any kind of advantage in this Gov concept?

  • Are the Ambassador program renovating ? Are you going to discuss with Ambassadors this changes or you are going decrease the value of this institute?

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45

@AlexPromoTeam There’s a simple answer for this. Ambassadors are considered as dApps. So, the voting power and involvement are the same as other dApps (and based on the current staking performance, the ambassadors will have top voting power).

For govASTR, it is an uncapped, non-transferrable, limited lifespan way of expressing voting rights. You lock 1 ASTR; you get 1 govASTR after a certain period. If you (ASTR holder) stake in a private dApp, the project owner can decide how it is distributed. If you stake on a public dApp (common-good dApps), the ASTR holder gets govASTR per ASTR every period.

The only nuance is that govASTR will NOT accumulate over time as there will be a burning period for unused govASTR. The reason why ASTR holders must stake and wait a certain period is to prevent a whale from impulse voting. If a whale wants to vote, they must put their ASTR holdings to a common-good dApp (which gives them 100% of govASTR tokens per staked ASTR), and all staking rewards will go to the treasury.
It also prevents the average trader or ASTR holders from voting on a whim. By introducing the B2V, the network will have a clear distinction between people who are participating in the governance, and who are not.

This system also means that two aspects determine voting rights on Astar Network:

  1. Your contribution to the ecosystem by creating a dApp (assuming high staking amount equals high dApp value)
  2. Your contribution to the treasury (voting for common-good dApps means you want to give all staking rewards to the treasury in exchange for govASTR)

@Maarten I believe this also answers part of your questions.

I am working with @Jaski and his team for a full model and a formal proposal to make this happen, so for an in-depth technical discussion, please wait until that is finished. But for a high-level discussion about the direction and the vision, this thread is the place for now.

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47

Great to hear this progress, thank you for your effort @hoonkim!

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48

Great job you’ve done, good update, and keep working hard.

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