mDAO Proposal: Voting on validators stake using on-chain gauges through the MNDE token

[dobby]

@Cerba

Currently, this proposal only suggests a starting point at 10% of the total stake and does not formalize any evolution of this system, but this is something that can be reflected on here, together. I think that implementing the future evolution of this system right from the start and in the initial proposal could lead to a more difficult discussion in the end, as we’d debate both the implementation and how it should evolve. I’d rather have a first vote about the implementation, and a second vote based on a suggested plan, based off data we’ll have at our disposal!

I like this approach! Very reasonable and measured. No need to try to lock something into place now that might prove to be sub-optimal 3 months from now. Totally with you.

@Cerba

For example, should a validator that currently has reached the 1.5% cap on the stake he gets from the delegation strategy be able to get more stake through the gauges? Or should it be forbidden by the system?

In my opinion, both should be considered individually, and another max cap should also be specifically implemented on the stake controlled through gauges too, but I’d be curious to hear your thoughts on this.

Also with you on this point. I think it’s probably best that any cap placed on the portion controlled by MNDE governance be considered independently from that of the algo formula, else the whole gauge voting system becomes less desirable. I would lean toward giving the community more power and more reason to participate and to care about governance rather than less. For that reason, I also think that any new cap introduced should be higher than 1.5% (if capped at all).

Thanks for taking the time to answer some questions and explain your current thinking. This is fun!