[Discussion] Delegate tokens from DAO treasury to further the decentralization of the DAO

2.0 1inch DAO
1

In the latest RDP proposal, the DAO voted to investigate ways to increase the voting weight of underrepresented delegates. In order to forward the mission of futher decentralizing the governance power at 1inchDAO, we suggest that part of the tokens from the treasury should be delegated to underrepresented delegates as well as recognized delegates.

Uniswap DAO has recently used the franchiser contract to do this, and we suggest forking these contracts and modifying them to add the staking lock functionality before delegating unicorn power to the delegates. We suggest doing this delegation for 1 year and evaluating the results.

We believe that this approach presents multiple benefits for the DAO. These include:

  • decentralizing the DAO further
  • empowering delegates with significant voting weight
  • earning staking rewards
  • reducing the amount of 1inch tokens in the market
  • reducing sell pressure from the treasury for atleast 1 year
1 Like
2

Franklin DAO (formerly Penn Blockchain) supports delegation efforts from DAO treasuries to grow the number of participants contributing to votes and proposals. Given the nature of such a delegation, those selected via the DAO should go through a selection process to qualify them as valid governance participants with adequate experience that suggests they will perform their role as a delegate in the best interest of the DAO.

Franklin DAO would love to be considered for participation in this cohort if the vote passes.