GTC Conviction Voting dApp => Network Utility

[griff]

I love CV (I have been helping to push it forward, and the first time the concept was explained was on Giveth’s blog )

but this is not CV.

But I do agree with Darni and Viraz’s approach! In fact, it’s very similar to GIVpower! (please don’t call it CV).

Funny I read this after shilling GIVpower in another forum post:

Roadmap to Network Utility ️

Giveth is doing something really interesting called “GIVpower” where people who lock GIV tokens can use their voting power to increase a project’s ranking on the platform… We will use several data streams to create a projects ranking and each project’s ranking effects the benefits we offer on the platform starting with the default sort on the platform and GIVbacks (and eventually GIVmatching and other cool things that we have waiting in the wings) This would create a little bit of demand and ut…

The hardest part is parameterizing it and communicating the impact of staking for longer to the user…

In summary tho, that’s why we came up with the idea of GIVpower… if you stake 100 GIV for 2 weeks… you get 100 GIVpower, if you stake for 8 weeks = 200 GIVpower, if you stake for 128 weeks = 800 GIVpower, 200 weeks = 1000 GIVpower (scaling quadratically of course)

Also, mStable had a similar approach and then THEY CHANGED IT!!! I interviewed them about why (1 day of research will save 6 months of testing in prod):

dGov Case Study: mStable ft. dimsome

Anyway, we have a bunch of designs and thoughts about how to do this… @0xDarni any interest in a sync? I just found you on Twitter and DM’d ;-D