Closed thewanderingeditor closed 7 months ago
Strategy "hopr-stake-and-balance-qv" can be included in the next DAO voting. Read more on how to set parameters https://github.com/snapshot-labs/snapshot-strategies/tree/master/src/strategies/hopr-stake-and-balance-qv
This is part of issue #351
Issue deadline
Based on current projections, the aim is to be able to hold a vote by January 22nd.
Detailed Description
The current Snapshot strategy is outdated, since it is based on the old staking program. With the transition to SafeStaking, we need to update the strategy to correctly calculate tokenholders' balances for the purposes of governance.
In addition, the transition to the new Community Trust governance processes on the Lexicon governance platform requires a further modification to the strategy, since vote power is no longer calculated purely quadratically.
Instead, it is calculated using the formula
vote_power = token_balance ^ power_modifier
, wherepower_modifier
can be set by the community to any value between 0 and 1, inclusive. Currently it is set at 0.75.Tasks