Maximum Extractable Value (Metrics Discussion) - Githubissues

GovXS / Evaluating-Voting-Design-Tradeoffs-for-Retro-Funding

Open-source simulation framework to measure how different voting designs perform against a number of typical retro funding design goals. Achieved by simulating voter behavior and applying formal, axiomatic reasoning.

MIT License

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Maximum Extractable Value (Metrics Discussion) #38

Open AngelaKTE opened 1 month ago

AngelaKTE commented 1 month ago

Description

For every voting rule, we'd like to know the maximum extractable value for a voter that behaves in a malicious way.

We can describe "malicious" as follows:

voter is not interested in any project other than their "own" project (1 favorite project)
voter allocates max. possible voting power + funding to this project (100% of available tokens and funding amount)

We apply theoretical analysis.

Why here?

this metric gives OP an understanding of the amount at risk, and how likely the scenario for max. extractable value is

This metric shows:

the max funding allocation the malicious voter can achieve for their favorite project (% of round size, total available funding in Retrofunding round)
the conditions required to achieve this max. allocation:
- behavior of other voters
- quorum
- caps (max/min)
- others

linear[bot] commented 1 month ago

GOV-39 Maximum Extractable Value (Metrics Discussion)