Dear Shapeshift Foxy Community,
I am writing to propose a change to the governance rules for FOXy tokens. Currently, FOXy tokens are treated the same as regular FOX tokens, with each token worth one vote in governance decisions. However, I believe that FOXy tokens should be given a slightly higher weight in governance, and I would like to propose that FOXy tokens be worth 1.x votes each.
There are a few reasons why I believe this change is necessary. Firstly, FOXy tokens represent a special class of FOX tokens that are held by supporters of the Shapeshift project. These token holders have demonstrated their commitment to the project over an extended period of time, and I believe they should be given a slightly higher level of influence in governance decisions.
Secondly we have less Foxy holders than Fox holders, I believe this could increase or number of Foxy holders. And I think we should do the same exercise with the other FOX token forms we have.
Also, the cool period of 14 days would make Dao members to choose between voting power and liquidity teorically preventing dumping
Many other projects have implemented similar rules, and I believe it would be in line with industry best practices for Shapeshift to do the same.
I hope that the community will support this proposal and consider implementing it as part of the governance rules for FOXy tokens. Thank you for your consideration.
Multiplied VOTE shows under Results
New FOXy Strategy
OBS.: Same mindset can and should be applied to Hedgey holders IMO, may be relate Hedgey voting power to locking time.