I’ve gone back and forth on this myself.
I like the general idea, and as a token holder it does encourage me to lock up my stake. While I appreciate and respect Marinade’s focus on helping people keep their stake liquid, I do think there’s value in long-term alignment.
However, a concern is that players with deeper pockets can not only afford to get more of a token but to risk it on a longer-term lock. This means that multi-year vote lock multipliers can skew decision-making to those with deeper pockets.
Is this a concern for anyone else?
My current thinking on it is that it should have a voting power increase but on with some tapering, but I’ve yet to build a model. It might be enough to initially try 6-month and 1-year locks with a fixed multiplier, and see what sort of behavior we get from voters.