Authors: Aura Maxis
This proposal seeks to move Aura to a Weighted Voting system.
Aura is a veBAL wrapper with a delegation option, meaning that users empower Aura or others to vote on users’ behalf. In many situations, there is non-unanimous voting on Aura Snapshot on a specific BIP. With the current settings on Balancer’s Snapshot, only the option with the most votes is the one voted on by Aura, and is voted on with 100% of the available votes.
This AIP seeks to adopt proportional voting, where votes cast on Aura Snapshot will be carried through proportionally on Balancer. If the voting proposal on Aura Snapshot space is, for example, 30% “For” and 70% “Against”, Aura will cast a vote in the Balancer snapshot space with the very same proportions and using all of Aura’s voting power. This AIP will also introduce an “abstain” voting option, which will be counted in weighted votes.
Balancer’s Snapshot is currently set to “Single Choice Voting”, so a voter can only assign votes to one option. BIP-300 shall change this to a weighted system, to facilitate Aura’s move to weighted voting.
This AIP’s goal is to make Aura’s voting process more democratic and representative, thus amplifying the voices of individuals in the governance process. Weighted voting allows for more nuanced decision-making and accurate representation of community sentiment.
Should this AIP be approved, the following changes will be implemented:
Aura’s votes in the Balancer Snapshot space will be weighted proportionally to reflect the voting outcome on the Aura snapshot space;
An “abstain” option will be introduced to the voting process, which will be counted proportionally in subsequent votes;
All votes will continue to be executed by the protocol multisig, which represents a diverse community, including Balancer community members.
This forum post will be live for approximately 3 days before the Snapshot proposal goes live. We appreciate and encourage an open discussion.
This vote will be a single-choice vote. You may vote “For” or “Against” this proposal, or choose to abstain from the vote.
A “For” voting in this proposal will support the changing of Aura’s Snapshot voting system from “Single Choice Voting” to “Weighted Voting”.