Problems

• DXD is not sustainably intertwined into DXdao long-term
• REP holders have no incentive for good governance

General Goals

• Scalability (fractalization and cost)
• Decentralization

Primitives

• REP is earned. Reputation is the on-chain representation of contributions to DXdao.

• DXD is the liquid financial value in DXdao

• Holding DXD does not necessitate governance participation

  Notes:

  • Reputation should remain non-transferrable; a multiplier or constant may be applied for a new governance denominator, “voting power”
  • DXD on-chain guarantee for DXdao financial claim

Voting Power - What makes a governor

• Need both DXD and REP to have any voting power
• Limits on accumulating voting power in one address
• Voting power should decay over time

Voting Mechanics

• Holographic consensus
• Flash loan resistance and protection against an economic attack
• Incentives for governors to participation