timbeiko.eth pfp
timbeiko.eth
@tim
Why aren’t DAO delegates paid a % of the funds they have delegated to them, and then delegation being reset yearly? Seems like it would align incentives, and prevent checked out delegates from sticking around.
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Linda Xie pfp
Linda Xie
@linda
Hm as someone who by default got a large amount of funds delegated to them in DAOs due to having some pre-existing distribution / name recognition, seems unfair?
3 replies
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Kei πŸ—οΈ pfp
Kei πŸ—οΈ
@keikreutler
Agree but think this would need to be combined with private voting
1 reply
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𝚣𝚘𝚣 🎩 pfp
𝚣𝚘𝚣 🎩
@zoz.eth
They make up for it by getting sway in self grants
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tree girl 🌲 pfp
tree girl 🌲
@treegirl
@dennison talked about this on /rehash recently, i think tally protocol solves this: https://pods.media/rehash/minihash-001-the-tally-protocol-wdennison-bertram
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Lefteris Karapetsas pfp
Lefteris Karapetsas
@lefteris.eth
I have to echo Linda. I would love it as a large delegate but seems to be like a choice of "let's reward celebrities" just for being well known in the field.
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Jeff Lau pfp
Jeff Lau
@jefflau.eth
Wouldn’t that encourage people not to delegate? If you are suggesting a % from those delegating rather than it being printed or from DAO treasury. For the latter, this would likely turn into a yield farm or some sort. Delegates can also game it by giving a kickback for votes?
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Dennison Bertram pfp
Dennison Bertram
@dennison
We can do this with the @tallyxyz protocol!
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moreReese pfp
moreReese
@morereese
@tallyxyz would this be fairly trivial to implement with Tally Protocol? https://warpcast.com/tallyxyz/0x53bca255
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Michael Gingras (lilfrog) pfp
Michael Gingras (lilfrog)
@frog
Biggest concern for me is how this leads to paying for participation. Then the incentive is not to delegate to someone who will do a better job but to keep my tokens and do a half assed job participating to claim rewards
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mmurthy pfp
mmurthy
@mmurthy
It is extremely hard to get token holders to delegate in the first place. If you reset, in reality, redelegation just won't happen. Slightly tangential, you might find this interesting: https://forum.arbitrum.foundation/t/arb-staking-use-surplus-fees-to-align-governance/25084
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Emily πŸŽ©πŸƒπŸ– pfp
Emily πŸŽ©πŸƒπŸ–
@mahla
Agreed
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denys pfp
denys
@denys
/daos
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denys pfp
denys
@denys
who would be supposed to pay the delegates? The protocol itself? I don't see a point for the delegate to "align" with the DAO's interest, since the monetary incentive is not determined by how much you are supported by the protocol but by the delegators.
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Charlie Feng pfp
Charlie Feng
@charliecf
Whoa I really like this. One additional thought is: how to make sure this doesn't become an AUM game where people just try to amass AUM. But maybe that's okay? (or it's still arguably net positive for the DAO)
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Nate Maddrey pfp
Nate Maddrey
@nmadd
Would the fees be taken out of the delegators stake? If so it could deter some delegation since it would add a cost for the delegator. But could work if you found the right % that worked for both sides
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