GLI — Treasury delegation Round 2
Vote: FOR
Link to Discussion
Link to Snapshot Vote
The quorum situation has been in discussion for many months, and needs a current band-aid solution. With major UNI holders undelegating their voting power, it is necessary for the DAO to try experimental solutions to alleviate this deficit in the short term. While not optimal, treasury delegations offer an immediate solution. When more votable supply is introduced or another potential solution is identified and the quorum problem is resolved, the TD should be immediately discontinued.
However, a DAO vote of delegates raises concerns of conflict of interest and centralization, with delegates potentially consolidating influence and coordination. While subjective, we agree with @SeedGov’s proposition of ranking delegates based on participation, so that delegates with more activity are retroactively given voting power.
We would also like clarification on how the delegation cap (2.5M) was established.
Currently, it is of utmost importance of maintaining the integrity of the quorum with short term measures. CalBlockchain is voting FOR for this proposal.
GLI — Incentivized Delegation Vaults
Vote: FOR
As mentioned above, we are in favor of trying out more experimental approaches to resolving the quorum situation short term. The budget ask to build is relatively small and not a loss to the treasury even if IDVs are not utilized. Additionally, the ask for 180,000 UNI for incentives has the potential to reactivate idle voting power. We think these numbers are fair investment in incentivizing more voting supply for the quorum.
CalBlockchain will be voting in support of this proposal.