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The discussion focused on Silv.eth's proposal to modify AAVE's governance system to include AAVE token holdings on both Ethereum Layer 1 and Polygon for voting power, addressing the issue of bridged tokens from Ethereum Layer 1 to Polygon having no voting power. Despite technical challenges raised by Emilio, a potential solution of delegating voting power to an entity based on a snapshot vote on Polygon was suggested and considered feasible.
The discussion primarily revolved around the proposal by Silv.eth to modify the AAVE governance system. The proposed change would allow voting power to be determined by AAVE token holdings on both Ethereum Layer 1 and Polygon. This suggestion was made in response to the current situation where AAVE tokens bridged from Ethereum Layer 1 to Polygon have no voting power in AAVE governance1.
However, Emilio raised a valid concern regarding the technical difficulties associated with tracking tokens used on Layer 2 or sidechains by the Layer 1 governance. As a potential solution, he suggested allowing the bridge to delegate voting power on Layer 1 to an entity, possibly a community multisig. This entity would then vote according to the outcome of a snapshot vote on Polygon2.
In conclusion, while the idea of incorporating AAVE tokens on Polygon into the governance system was generally well-received, the technical challenges associated with implementing such a change were also acknowledged. The proposed solution of delegating voting power to an entity based on a snapshot vote on Polygon seems to be the most feasible approach at the moment.
Posted 3 years ago
Last reply 3 years ago
Summary updated 2 months ago
Last updated 08/12 04:39