I have just read the following interesting article (see below) about Conviction Voting.
I have come into it because it is currently used/experimented in the 1Hive DAO in xDAI, but the idea itself has been conceived/developed within the Aragon DAO community.
TLDR: When you place your MKR tokens to vote, their ‘weight’ is initially zero, and it grows over time (following a certain curve) up to a certain limit.
I’d like to hear the opinion of the MakerDAO community about this voting method. For me it looks particularly attractive because (as observed in the article):
- it is a pretty simple idea to prevent sudden Governance attacks. If an attacker proposed and tries to approve a bad proposal, it will take some time for their MKR to ‘mature’.
- Vote buying (borrowing MKR to vote, last minute, on some proposals) would need to become vote renting (for a longer amount of time) creating an interesting token-economics.