phil on Warpcast

billzh pfp

Gm. It already costs $10+ gas to vote for Purple, but most people say they don't want to do that. What do you think Purple should do? 1. Use treasury to refund gas 2. Move on-chain voting to L2 (e.g. Base) 3. Encourage delegation 4. Do nothing, this is just stated vs revealed pref warpcast.com/billzh/0x0eaf42

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Cameron Armstrong pfp

Cameron Armstrong

2 - if @rish can help us write a grant request for @base

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rish pfp

we don't have a grants program right now unfortunately but happy to support moving onchain voting to Base in any way possible! cc @jessepollak

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jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

we'd love to support this @cameron and @billzh - also discussed at a high level with @zaak. like @rish said, we don't have a grants program currently, but i'm here to get creative to figure out how we can support this to happen.

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billzh pfp

Happy to have a more detailed technical discussion around how to implement this. Maybe we can move our governor + auction + nft contracts to base, airdrop existing holders and make all subsequent auctions happen on base

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phil pfp

Oof. I don’t think this would be a good idea for the token value tbh.

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billzh pfp

Interesting. Can you explain why?

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phil pfp

I don’t think tokens migrated to L2s hold value as well as those w native L1 provenance. L2s are fine for cheaper fees for things like swaps and votes, but not as the primary layer for tracking asset ownership. Since Purple is funded by token sales, anything that may reduce price should be viewed suspiciously.

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billzh pfp

No doubt that L1 NFTs are more valuable. Another approach would be doing the auctions on L1 while using a relayer to update everyone's voting power on Base.

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phil pfp

I would support voting on an L2

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jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

IMO we are about to see this shift pretty rapidly and I think that L2 will become comparable to L1 from a provenance perspective. that said, agree we should be deliberate about any changes here and very supportive of moving slowly! here to help however we can.

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