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Quadratic Weighted Senate (DRAFT)
Currently, every Planet has 1 vote in these elections and Comets doesn't have any.
We propose the implementation of weighted Senate Elections that uses the amount of staked tokens to give linear voting power to a Staking Pool's Maintainer.
We also propose to include a specific amount for Governance Fees that will be fixed within the period of the elected Senate.
- 1.Comets will now have a say in the Senate Elections
- 2.Planets can be made permissionless.
- 3.IDs can be used for market making.
- 4.Governance Fees can be negotiable.
"Senate" logic is still not decentralized enough.
Since we can achieve Permissionless Planets, now there are only 2 functionalities that will be secured by the Senate:
- Contract upgrades
- Node Operator Onboarding
both of these are not frequent events and can be handled directly by the Maintainer votes.