Current Voting Structure possibilities, along with information about them, pros, and cons:

• Standard Cosmos On-Chain governance mechanism: Possible options to vote for are: Yes, No, No with Veto, and Abstain)

  • When to use?

    • When a vote is deemed as being necessary to be on-chain.
    • When on approval of the proposal, the chain will be upgraded to support what was proposed.
    • When a vote can be made with only options Yes/No.

  • How to use?

    Making a Proposal

  • Info:

    • This is based on amount staked/delegated and only valid for those staked/delegated.
    • This is standard Cosmos functionality and can be implemented with little additional effort.
    • We just need to provide clear instructions on how to formally submit a proposal, we need to implement the minimum amount of ROWAN necessary to submit a proposal, and we need to set the quorum that needs to be met with each vote.

  • Pros:

    • Standard functionality.
    • Clean and simple.
    • Adoption may be easy?

  • Cons:

    • Submitting a proposal isn’t always the easiest process, especially if you are an average user (non-developer).
    • Only takes into consideration those who have staked/delegated, and exclude users who have provided liquidity.
    • Limited response options.
• Manual send tx vote w/ memo field (e.g. Pools of the People)
  • When to use?
    • When a vote is deemed necessary to be put on chain.
    • When there are multiple options for voting that expand beyond yes/no.
    • The desire is for the vote to take into consideration liquidity providers and stakers/delegaters.
    • When Sifcore has agreed that it is available to tally the results on the vote.
  • How to use?
    • When passing along information to Sifcore, the proposer must include:
      • Possible voting options
      • Duration of vote (this must be a minimum of 72 hours, and a maximum of 4 days).
      • Sifcore will then post in the Discord Announcements channel the vote time window, and the possible options to vote for.
  • Info:
    • This voting mechanism is based on amount of ROWAN a user has, and the weight of the votes are distributed to incentivize both poolers and stakers:
      • These votes are weighted by amount of ROWAN a user has.
      • The votes are then normalized at the end to ensure a 50:50 balance of all votes is held between LP’s and Stakers
        • Example: if we receive 12 votes in total, with 8 from LPers and 4 from delegators, all LPers’ votes will receive a weight of .75 (8*.75 = 6) and all delegators’ votes will receive a weight of 1.5 (4*1.5 = 6) in order to reach the prescribed voting ratio of 50:50 LPers:Delegators.
    • Submission of a proposal is done very ad-hoc and is simply posted in various means (twitter, telegram, discord, the UI via a banner), with directions on how to vote.
  • Pros:
    • Can be implemented right now with no additional effort.
    • Encourages both pooling and staking to take part in governance.
    • Anyone can easily submit a vote.
    • Can have customized detailed responses.
  • Cons:
    • Low voter turnout and adoption as it is all done manually.
    • Submitting a proposal to be officially voted on needs to have a more formal process outlined to fall into this method.
    • Prone to user error since manual input is necessary.
    • Lack of clarity into the voting results until the vote is over.
• Built into the UI vote
  • When to use?
    • When a vote is deemed necessary to be put on chain.
    • When there are multiple options for voting that expand beyond yes/no.
    • The desire is for the vote to take into consideration liquidity providers and stakers/delegaters.
    • When Sifcore has agreed that it is available to adjust the UI mechanism to support this vote.
  • How to use?
    • When passing along information to Sifcore, the proposer must include:
      • Possible voting options
      • Duration of vote (this must be a minimum of 72 hours, and a maximum of 4 days).
      • Sifcore will then post in the Discord Announcements channel the vote time window, and the possible options to vote for.
  • Info:
    • This voting mechanism is based on amount of ROWAN a user has, and the weight of the votes are distributed to incentivize both poolers and stakers:
      • These votes are weighted by amount of ROWAN a user has.
      • The votes are then normalized at the end to ensure a 50:50 balance of all votes is held between LP’s and Stakers
        • Example: if we receive 12 votes in total, with 8 from LPers and 4 from delegators, all LPers’ votes will receive a weight of .75 (8*.75 = 6) and all delegators’ votes will receive a weight of 1.5 (4*1.5 = 6) in order to reach the prescribed voting ratio of 50:50 LPers:Delegators.
    • Submission of a proposal is done very ad-hoc and is simply posted in various means (twitter, telegram, discord, the UI via a banner), with directions on how to vote.
  • Pros:
    • Can be implemented right now with no additional effort.
    • Encourages both pooling and staking to take part in governance.
    • Anyone can easily submit a vote.
    • Higher voter turnout as the vote is done directly in the DEX.
    • Can have customized detailed responses.
  • Cons:
    • Submitting a proposal to be officially voted on needs to have a more formal process outlined to fall into this method.
    • Lack of clarity into the voting results until the vote is over.
    • Takes a level of customization and engineering time to build each vote into the UI.
• Discord emoji vote
  • When to use?
    • When it is deemed not necessary to put on chain.
    • When the desire is to gauge community sentiment.
    • When the vote has no impact on granting/removing authority, or any impact on budgets.
  • How to use?
    • The vote is raised in the Voting>DAO Proposals discord area.
    • The vote is posted with appropriate details (the 1-pager, the voting options, the time period).
    • The time period can be between 72 hours - 4 days.
  • Info:
    • This proposal and voting mechanism is done all within Discord. It is the easiest and quickest way to run a vote on something. Official things to vote on come from a member of the SifCore team through the dao-proposals channel. It is then announced in discord, twitter, and telegram bringing attention to the ongoing vote. Users then use emojis to vote for the various options.
  • Pros:
    • Very easy to implement right now.
    • A good measure to get community sentiment on things quickly.
    • Can have multiple very detailed responses.
  • Cons:
    • Very informal.
    • Is not on chain and can get easily lost in the history of discord.
    • Voter turnout is very low due to forcing people to join and be active in Discord to vote.
    • Can easily be manipulated.
    • Submitting a proposal to be officially voted on needs to have a more formal process outline to fall into this method.
    • It does not take into consideration any ‘skin in the game’ when tallying results.
• Commonwealth
  • When to use?
    • When utilizing a discussion period window for a proposal.
    • No vote is actually needed, only discussion.
  • How to use?
    • Navigate to https://commonwealth.im/sifchain
    • Connect your wallet
    • Start a new thread
    • Post in discord after the thread has been created to draw attention to it.
  • Info:
    • Commonwealth is a common forum where users can post ideas, proposals, and discussion topics.
    • It is recommended as a tool to be used when opening up a new proposal in certain cases for a discussion area as well.
    • Commonwealth automatically pulls in proposals made via the standard Cosmos on-chain governance.
    • You can also incorporate ‘snapshot’ into Commonwealth as a place to submit proposals and hold official voting (I am unclear how this works).
  • Pros:
    • Using it as an information sharing/discussion platform is great and commonly used across various blockchain protocols.
  • Cons:
    • Unsure of effort to incorporate snapshot.
    • Limited to stakers/delegators
• DAO Council vote (informal 3/5)
  • When to use?
    • When there is already a specific DAO council setup to handle such authority and proposals.