1 天前
VOTING IS BROKEN the rich always win. it's not perfect, but a crypto-native solution is quadrating voting. People that care more can vote multiple times, however each additional vote costs quadratically more. This prevents whales from cheaply dominating. sooo who's using Quadratic Voting? It's popular in DAO governance, public good grants, hackathons. Popular apps like @gitcoin and Ocant use variations of this. - @OctantApp uses QV and quadratic funding to boost donations. GLM stakers can donate their staking yields to chosen projects (like me!!) and @ethereumfndn will use quadratic funding to match up to 100x Your 0.007 ETH donation could mean 0.7 ETH. Easiest 100x. who's realllly using quadratic voting? pulling from coingecko, debank, etherscan, GLM stakers are made up of 1. DeFi Yield Farmers (40-50%) Portfolio diversification across multiple protocols Typically hold 500-5000 GLM tokens Active in governance and allocation decisions 2. Ethereum Ecosystem Believers (25-30%) Long-term ETH holders who support public goods Participate in Gitcoin, Octant, and similar platforms Often developers or crypto-native professionals Hold 1000-10000+ GLM tokens 3. Public Goods Advocates (15-20%) Mission-driven users supporting open-source projects Active in DAO governance and community decisions Prefer donating rewards to projects over keeping them Typically smaller holders (100-1,000 GLM) 4. Institutional/Whale Stakers (5-10%) Large holders with 50,000+ GLM tokens Focus on maximizing ETH yield generation Less active in governance, more yield-focused Often use automated strategies In terms of behaviour, you can see that the average stake is 2000-5000 GLM, with many participating in multiple epochs. Why am I talking about Quadratic Voting? I make shorts about crypto to help onboard the masses, educate next gen, and make crypto less intimidating. I was selected out of hundreds of applicants for Octants Epoch 9 and I am looking for your support! If you think we need more educational crypto videos, help vote for ETH IN A MINUTE on Octant by 'saving this project'
How to allocate staking rewards to Octant projects 1. Save project(s) 2. Select % of rewards to allocate 3. Open shopping cart 4. Confirm Check out the full list of Octant projects, everyone is incredible talented and building the future of Ethereum in some way!
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