That raised my concerns if bad actors with a lot of NTRN received out of their big Atom bags (i estimate that the three requesting 10m NTRN are have this) are going to vote a proposal into their direction.
We talking about a conflict of interest, seeing the current voting power (1.8m NTRN) and the structure of NTRN holders (https://neutron.smartstake.io/stats) it is a easy task to manipulate a voting.
The allocator proposal is requesting 10.000.000 NTRN (!), whilst it is currently possible to vote for that with 1.8m NTRN + 1 NTRN to get this.
This is nothing new in cosmos. Neutron is a new blockchain, so i guess it is time to do things different.
I have a idea, to structure the governance in a fair way to avoid it conflicts of interests and make sure that no multi account user influence a voting:
- every account who votes has only one Voice, it dosent matter how many tokes are staked.
- to avoid, that users using multiple accounts to vote with only one NTRN, there must be a minimum of 100 NTRN staked
- to avoid that users stake 100 NTRN to vote and than unstake the 100 NTRN, send them to the next wallet, stake the 100 NTRN again and vote a second time, the 100 NTRN shall be locked until end of the voting period.
Lets estimate that 1.000 wallets (of currently 10.000 wallets) are ready to vote. In a edge case, a bad actor needs to have 1.001 wallets with 100 Neutron to vote into its own direction.
To make it even more secure, the governance tool should not accept more than 3 votes from a single IP address.
That maybe could help. Whats your though?