{"data":{"space":"permanence","networksConfig":{"symbol":"DOT","decimals":10,"networks":[{"network":"polkadot","ss58Format":0,"assets":[{"symbol":"DOT","decimals":10}]}],"accessibility":"whitelist","whitelist":["1ZSPR3zNg5Po3obkhXTPR95DepNBzBZ3CyomHXGHK9Uvx6w","1xzcLSwo7xBFkJYZiL4EHaqFpuPTkH641E3V43W4cuk1bX6","12His7t3EJ38tjdBbivUzWQeaNCLKfMqtKp1Ed3xHMyCE9N3","12s6UMSSfE2bNxtYrJc6eeuZ7UxQnRpUzaAh1gPQrGNFnE8h","13EDmaUe89xXocPppFmuoAZaCsckaJy3deAyVyiykk1zKQbF","14gMJV95zwxUsFEZDSC8mtBVifS6SypKJkfBKANkMsLZdeVb","14Gn7SEmCgMX7Ukuppnw5TRjA7pao2HFpuJo39frB42tYLEh","15fTH34bbKGMUjF1bLmTqxPYgpg481imThwhWcQfCyktyBzL","167YoKNriVtP4Nxk9F9GRV7HTKu5VnxaRq1pKMANAnmmTY9F","13znFMMjHyM2UvSewvaKMC2bLUcySRMzcM8BAMTzm1G2P5ju","12KtA8mtfsK1CyQb4utLiwG3ao22z77w2cM2GqnaL2RiDCoJ"],"strategies":["one-person-one-vote"],"version":"4"},"title":"[INT] PDAO #10 - Transition to Quadratic Voting for HQ Account","content":"**DEFINITION**\n\nThis internal referendum proposes a transition to **quadratic voting** for the evaluation of the voting policy for the [HQ account](https://polkadot.subsquare.io/user/15ubZj6T7NUYyQw6j4XBkEMJ2vew5w9kqKEcN1QG7Z1weKDV/delegation/received). This account currently has a **total delegation ranging between 223K DOT (Root) and 313K DOT (Wish for Change)**.\n\nThe outcome of this account’s votes is **currently calculated on a one-member-one-vote basis**, in line with the current voting policy. This approach **disincentivizes higher delegations** to the DAO. **Members who delegate with higher conviction should naturally have higher influence on this account**, while we should also have **a mechanism that mitigates the whale domination effect**, which we have experienced first-hand on Polkadot. Quadratic voting offers a relatively fair solution by defining **voting power as the square root of an account’s total delegated conviction**.\n\nPlease see the example scenario below:\n\n```\n- Member 1:  300 DOT @ 3x =  900 DOT ->  √(900) = 30.0 DOT\n- Member 2:  100 DOT @ 6x =  600 DOT ->  √(600) = 24.5 DOT\n- Member 3:  650 DOT @ 6x = 3900 DOT -> √(3900) = 62.4 DOT\n- Member 4:  220 DOT @ 4x =  880 DOT ->  √(880) = 29.7 DOT\n- Member 5: 1400 DOT @ 4x = 5600 DOT -> √(5600) = 74.8 DOT\n```\nThis results in a total voting power of 221.4 DOT. Instead of an equal 20% distribution, the new voting power percentages under quadratic voting become:\n```\n- Member 1: 14%\n- Member 2: 11%\n- Member 3: 28%\n- Member 4: 13%\n- Member 5: 34%\n```\nAfter applying quadratic voting to determine voting power, the outcome of each referendum will still be calculated according to the current policy (e.g. ≥60% quorum required for Big Spender).\n\n**UNDELEGATION/REDELEGATION**\n\nRemoval of delegation by a member results in the removal of their voting power. When a member delegates again, or a new member delegates for the first time, it will take **10 calendar days for their voting power to reach its full value. The increase is linear, directly proportional to the time elapsed.**\n\n**TERMS**\n\n1. This transition to quadratic voting **does not apply to the DV delegation**, which **remains one-core-member-one-vote**, with no changes to the current policy. However, **removal of delegation to the DAO also removes the member’s voting power from DV vote evaluations**.\n2. If approved by the members, this policy **will take effect immediately upon the conclusion of the referendum. Any votes affected by the policy change will be resubmitted.**\n3. The approval of this policy change **may cause the votes of HQ and DV accounts to differ on some referenda**. In my opinion, this outcome should be **welcomed as a positive manifestation of the experimental nature of our policies**.\n\nKind Regards,\nkukabi | Helikon","contentType":"markdown","choiceType":"single","choices":["Aye","Nay","Abstain"],"startDate":1749330000000,"endDate":1749934800000,"snapshotHeights":{"polkadot":26358583},"realProposer":null,"proposerNetwork":"polkadot","version":"5","timestamp":1749381278},"address":"15fTH34bbKGMUjF1bLmTqxPYgpg481imThwhWcQfCyktyBzL","signature":"0x60af71dd24f00866db071cc94e799feaaba75a7fa3534fc992c55ab25d5104717be7c3dfc1fc879e6b3ea21dc1443b3f99ad28d36c85064f54c34693380e5a89","version":"2"}