Evolving Algorand Governance

I’d love to see some progress evolving governance.

Firstly the foundation is spending 70,500,000 Algo to ask 57,221 Governors an A or B question, that’s on average 1,232 Algo per Governor, it would literally be cheaper to pay a human to go to their house and ask them in person, it feels like a very inefficient system for that reason.

Secondly I agree that having a risk free rate of 7-10% drowns out the possibility of defi competing. What I’d love to see is a system where you can be both a governor AND use your tokens for defi simultaneously.

Thridly a suggestion I’d like to make is giving people 0.001 “Gov tokens” each time they make a transaction. That way the people who use the network can be the ones who vote on what happens to it and no locking is required.

Good luck with working on it :slight_smile:

3 Likes