What are honeypot proposal? what does it mean?
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Totally agreed - this is the most important factor. Without this, people are just going to take advantage of the the grantsâŚ
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During first voting period we have observed a pattern where significant portion of xgovs vote for all proposals(e.g. giving 2% of their voting power to each proposal //i am simplifiying this a bit), initially we thought isâs botted accounts, but later consensus was that itâs uneducated xgovs who thought they need to vote for EVERY proposal to remain eligible. Second period was the same and there was no change observed (afaik) after the messaging/instructions that this is not required were made more clear.
these âindiscriminateâ voters, skew the entire voting metrics, as any proposal can count to get 10k+ algos âgiftedâ by these votes, so the risk we are looking at is - proposers will speculate with multiple smaller proposals, to âfarmâ these free votes and get more grants approved (especially with reserve list in place - we have observed this in latest period, although many of us who pointed it out actually held back to not exploit it -fair play and all)
Honey pot proposal was one of the prosposed solutions - where we sould introduce a âmock/honeypotâ proposal, that would invalidate your xgov status/votes if you voted for it. It would be made super obvious where the proposal title could be âDO NOT VOTE FOR THISâ and description: âif you vote for this proposal you are villingly disqualifying yourself from xgov programâ⌠etc⌠The idea is, even if these people are intentionally deliberatley voting for all proposals, they should ommit this one - to atleast show they understand english (whioch is minumim requirement for one to be abel to read/review/vote on proposals) - remember this is xgov, idea is that xgovs would help shape the better future of algo. indiscriminate voting liek that hinders it, not helps.
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