Voting period: [30 days]
Categories:
Social Proposal
Request for Action
[x ] Constitution Amendment
Abstract:
We should have 3 tiers of APR for staking TED tokens as follows:
Tier3: Tokens that are staked - current APR * 0.5 (this is just a proposal, the multiplyer is up for debate)
Tier2: Tokens that are staked and delegated - current APR
Tier1: Tokens that are staked to a delegator that has voted for all the proposals since he/she became delegate - current APR*1.5 (the multiplyer is up for debate)
This way people will choose delegates that are actively taking part in the governance process.
I would consider two more aspects in parallel with this:
- limiting the number of tokens that can be delegated to a delegate (I’m not sure what the upper limit should be) then we’ll have a lot of active delegates in my opinion.
- rewarding delegates with a symbolic number of TED tokens for every vote. Not a get rich number of tokens, but that would also incentivize implication in the governance process.
Rationale:
TED token is called a “governance token” for a purpose. Governance is work…intellectual work. If someone works more and gets involved more in the governance process, he/she should get rewarded with a higher APR for that activity.
[optional] Details:
[fill in more details about the proposal as needed]
[If the proposal is a Request for Action] Specification:
Action #1
Action #2
…
[If the proposal is a Constitution Amendment] New constitution text:
[enter the full proposed constitution text]