Voting Power
Voting power determines how much influence a user has when participating in Bullish DAO governance. It is calculated based on historical leaderboard performance using rank proofs.
🗳️ What Is Voting Power?
Voting power is the number of valid votes a user can cast on a proposal. It reflects the user's historical contribution to the platform, both individually and through clubs.
🧮 How Is It Calculated?
Voting power is derived from historical leaderboard ranks. Users and clubs earn voting power based on their rankings in past weeks. The voting power system is designed to incentivize active and long-term engagement in the platform.
- Individual Voting Power:
- Proofs of ranking within the top
votingMaximumRank
over the pasteligibleWeekCount
weeks are required. - Each valid proof grants 1 voting power unit.
- Proofs of ranking within the top
- Club Voting Power:
- Club leaders(in the weekly leaderboard) have the right to vote on behalf of their club.
- The club’s rank must be within the
votingMaximumRank
, and the leader’s member rank should be 1.
- Interim Governor:
- The interim governor (initial owner) is automatically granted the maximum voting power for both individuals and clubs during the bootstrapping phase.
- This bonus is 1 voting power for individuals and 1 voting power for clubs per eligible week.
Voting power = number of valid individual + club rank proofs
Example: Assume eligibleWeekCount
is set to 2, and votingMaximumRank
is 100. John was ranked 50th on the individual leaderboard last week and 30th this week. Therefore, John receives 2 voting power on proposals created during or after the current week.
🔢 Main Function of Calculating
Users who are active on the platform can participate in decision-making, ensuring committed members have a voice in governance