IDEATION : Governance Councils & Treasury Modules

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@Govmos

That was actually one the main takeaways on that paper. We need liquid staking to do that otherwise we’re stuck with the same old problem (the one I’m trying to solve), validators have a double role and this will likely not be suitable at larget scales.

So we agree validator governance is a problem…
I think the problem is that validators have to much power & dictate the direction of the chain by voting with other people’s votes for their own benefit and at the expense of delegators/investors. and the best/most simple way to deal with it is reduce validator voting power.

@Govmos

This sounds a lot more like a patch than a solution to the real problem; In my paper I tried to avoid that and identify simple solution that don’t require too much hassle.

reducing validator voting power= square root of delegations + self-stake (or similar to account for quorum) solves the majority of governance issues without needing all the complex and messy cohort calculations and such.

validators are rewarded for signing transactions, not playing politics. validator incentives, when voting in governance, are not aligned with delegators. validators overweight political opinions use other people’s votes without requiring any skin in the game & results in a validator centric ecosystem that is un-investable

@Govmos

it’s a research on an economically viable structure for DAO governance… It was meant to explore a way to use the proposed tech from ATOM 2,0 paper (treasury modules & governing councils) but in a more extended way than having one treasury and one council. We offered depth and balance of forces. I’d love to run calculations but tbh I don’t understand how they would fit in here. Maybe you could tell me which calculation you would like to see and I’ll run them.

can you calculate how much less hassle it would be to reduce validator voting power= square root of delegations + self-stake instead of implementing an elaborate balancing act of “forces” you are actively defining and trying to coherently piece together?