I’ve been mulling this over and having some conversations with people about how this could work, be sustainable, and work with voting. I am particularly interested in giving people with long lock-up periods more voting power, however I’m also nervous about people who want to stake and forget about it for a long time negatively affecting quorum. Here are some thoughts I have:
- Is there a way for the rewards in this higher pool to be CONDITIONAL on governance interaction?
I understand that currently a no-vote is more likely to help something succeed than an abstain, however with this and other governance involvement incentives, quorum will be very likely to be reached, so votes could genuinely reach quorum and not pass, and that could happen often.
- Part of the sefi buyback could be added as rewards for this pool
Prop-14 is still live at this point, and while I’m a huge supporter of it, I think that I and most involved believed that eventually governance would change at least a percentage of the burn to something that incentivizes stakers. This could be a neat way that doesn’t dilute rewards from other LP pools, and isn’t uncommon from other AMM’s.
- What if you had to have 300,000 SEFI IN THIS POOL to make a proposal?
Those of us that will do it will still gladly help out others, but it seems like a fair barrier of entry that doesn’t raise the cost of doing so.
- A lengthy lockup combined with governance incentives (and dis-incentives) would protect us from a currently available attack vector
Right now one ONLY needs SEFI staked and voting at the time of tally. If a bad actor were to accumulate SEFI and propose a mal-intended proposal, they, or any group could flash buy SEFI to reach quorum immediately before tally, and then sell it right back. While they’d accrue slippage, if this were a competitor, or one with other alignments than SEFI’s long-term success, or even a wealthy party that wanted to burn the Swap down for no other motives, this would be strongly negated by Proposal #15 combined with strengthened governance power, as well as especially having proposals coming exclusively from that pool.