Changing Lenfi voing method to be more decentralised

Graveyard
1

Due to recent events that revealed the weakness of the current voting system, something has to be done to decentralised than it is now. Last voting on $snek showed that 8 voters with NO had the weight share of about 70% ( source is lenfi excel sheet).
It is complex to make a great voting solution, however a better one is needed as the current voting system prevents Lenfi from growing and hold its future as a hostage by few voters. Furthermore, having 1 wallet = 1 vote has its weakness too. Therefore I am suggesting the following:

1- In order to vote a wallet has to have at least 200 $Lenfi in your wallet at the time of snapshot, if not then the voting syestem will be deactivated for you

2- Your voting will weigh as 1 Vote. You have more than 200 $Lenfi your vote still weighs 1 Vote

If a whale has 30k+ $lenfi and want to play, then he has to split them to at least 150 wallets ( good luck with that :joy:)
If somene has 0 -199 $Lenfi and wants to vote, need to go and buy $Lenfi or shut the f*k up :joy:

I was here since Spetember 2022 and I hold at some point what was worth a little above 200k $ada of $Lenfi I still believe that this project is Cardano DeFI flagship and still didnt reach 50% of its true potentiel.

Regards/Nidal

7 Likes
2

This is a silly proposal that has zero chance of being passed.

3 Likes
3

I agree it’s awful.

"If somene has 0 -199 $Lenfi and wants to vote, need to go and buy $Lenfi or shut the f*k up "

That can be applied to someone complaining about the whales as well. The voting system is fine. Like all voting systems, we need more participation.

1 Like
4

Ridiculous. Buy more if you want more vote. That’s how it works. Don’t complain because you don’t hold LENFI but want the votes the way you want them.

1 Like
5

One problem is that you’re viewing the move of assets between wallets as if they’ll use a gui, but if someone wants to exploit it, they’ll definitely use code and get as many wallets as they want

1 Like