Today’s governance call spent a significant amount of time discussing the importance of assigning some voting rights to DXD holders.
Consensus seems to firmly favor the idea that DXD holders should have some claim to voting rights, and discussion now revolves around the best way to do it. Aspects to think about include:
- The timeliness of different proposals
- Proper voting weight per holder/DXD
- How to assess the DXD community at large
- Whether or not vetting should take place to
I’ve personally advocated for an airdrop of REP to all addresses that hold DXD as an immediate, interim solution until more formal measures are put in place. We can blacklist contract addresses so Uniswap pools don’t get REP. Some projects use a claims interface where users withdraw the airdrop to their address. The dao could employ something similar so that DXD holders with no interest in governance won’t waste the several dollars worth of gas to retrieve a non-transferable token.
From there, more permanent solutions on the table include a bulk REP vote for DXD, where holders would vote among themselves then deliver that one large vote to the DAO. The idea of child DAOs or “guilds” was also discussed, where DXD holders would participate in a specific DXD subDAO pertaining to DXD affairs as well as having governance say in the DXdao “mother DAO”.
There’s also an idea of staking or locking DXD for votes. The philosophy behind a locking mechanism (as I understand) is to filter for long term holders who are seen as better suited for participation in governance.
From here, discussion needs to determine whether or not an airdrop is appropriate as an interrim solution, and if so, what that REP per DXD ratio should look like and a snapshot date to shoot for. Again, I am of the opinion that something immediate like an airdrop absolutely is the proper course of actions while something more permanent is discussed. Given the current market climate, I think we’re racing against the clock to get DXD holders formally involved to help maximize growth during the bull market in progress for the next x weeks (or months, hopefully).
Beyond that, what’s the best long-term solution for incorporating DXD holders into the dao’s governance?