[Temperature Check] Temporarily remove DIGG from voting list

Seems like a step in the right direction.

Why 10% though?

It seems like a nice number that has been discussed for a while and people seem comfy with. Do you have another suggestion?

Note that a number of us are working on a revised version of this AIP in collaboration with @philjfry and hope to have something out tomorrow.

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6.9% because itā€™s a nice number and many of us are comfy with it. And apply new rule to all existing pools with gauges

I just think we may want to bribe badger above 6.9% for example, and that baring any outside over-voting would be quite healthy for the ecosystem.

For a DAO to work to get to 10% of balancer for their small cap token seems not so bad. 6.9 is kinda wah wahhhh :stuck_out_tongue:

The new proposal we are working on does that. It creates a general framework and assesses all gauges that have more than 10% of veBAL based on specified criteria. Based on that, it determines that wstETH/ETH is ok getting 16% and DIGG LP probs doesnā€™t need more votes if it has over 10%. We will share that tomorrow once everyone has had a bit more time to give feedback and I am able to sync up with @philjfry again.

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I think this is why that is happening ;). Badger governance is not so active as there is less economic consequence to voting, so it is easy for one whale to block governance unless we do a massive get out the vote marketing campaign.

Aura is a fresh DAO that pays people to vote, so governance is quite active and the will of the people can more easily ring through.

Working to make this AIP look a little bit more like our BIP, which will then not even need governance IMO because it corrects an ā€œerrorā€ in which we no longer can vote for what the graviAURA is supposed to vote for.

I guess in the end that will be up to the council how we decide what to do with those votes, but we already have a nice framework in place with code written and just have to change 1 variable to turn it back on :slight_smile:

In reply to @philjfryā€™s opening post:

Why are you picking on a single instance of the problem, instead of describing the real issue?

The wsteth/eth gauge also gets more than 10% of the votes. Should it be considered harmful as well?

And is it not a bit short-sighted to only look at the fees earned in the last 24 hours? This can vary greatly from day to day.

@lobsang.eth - Folks have been working on a new proposal that should solve - or at least tries to solve - a lot of your concerns (which are legit). As @Tritium mentioned, it compares the DIGG pool to the stETH pool and explains why - based on the current veBal and Aura gauge allocations - the latter is healthy while the former isnt.

imagine needing a framework to explain why stETH pool gud, DIGG pool bad :clown_face:

ppl in this thread should disclose their DIGG bags before commenting iwo

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How about we stop singling out any pools and balancer fix the root cause so we can stop slapping bandaids on everything everywhere but where the issue lies. Iā€™m long Digg and I donā€™t like bullies. Slow your roll pal, constant insults from you are wearing thin

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I have 50k in the DIGG pool.

I know it seems absurd, but this is how we work towards decentralised governance.

This is how we find the patterns to implement as code.

I agree with the end effect of this governance, and what we are working to propose instead of it has exactly the same result.

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Ye of little faith. Give it a chance, amigo. stETH and Digg are the only 2 pools that are receiving more than 10% of the veBAL votes so it just made good sense.

The proposal read weird by just analyzing DIGG when in fact stETH also has more than 10%. It was my suggestion initially to add stETH bc itā€™s above 10% but is an example of a healthy pool. So itā€™s actually a pretty nice framework.

Remember - these things arent just for smarty pants folks who are here now and know whatā€™s going on. Theyre for folks who dont pay as much attention now and for folks who arent here now but may pay attention in the future - so you can show them later the reasoning behind certain actions.

In full disclosure, Iā€™m a shrimp who bought DIGG long before this pool was even up for vote. I have like $2.1k of it now, which is in that pool, and my LP comprises like 0.05% of that pool. And Im in full support of the revised proposal and fully supported Badgerā€™s DIGG proposal.

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this comment does not make sense. People want to get good yields on BAL and Aura and so they buy into a pool with the best returnsā€¦ the same people who have done this and own huge chunks of the total DIGG are the ones writing and discussing how best to regulate it.

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Itā€™s all a zero sum game if players donā€™t want to support healthy pools for the bal/aura ecosystem.

Looking forward to seeing the revised proposal.

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Good morning!

Hereā€™s the Proposal:
https://forum.aura.finance/t/aip-11-voting-suspension-for-unhealthy-gauges/

Hereā€™s the Snapshot:
https://vote.aura.finance/#/proposal/0xc8c920dc682c4c56ad4d4ed40c328d0022d8badf903bc6ed7e7fa345c9aab5c7