Voting Vaults Overview

Overview

Voting Vaults provide the ability to assign voting power to specific types of tokens/positions. The result is beautiful — governance users can maximize capital efficiency while maintaining the ability to delegate or vote when the time comes. Voting vaults are designed to be upgraded, allowing for voting vault logic to be updated by governance and to avoid the pains that come with governance upgrade migrations. The creation of a voting vault begins with defining a strategy for counting votes / providing voting power. Once the logic has been established, governance will vote to approve the method, and if successful, the integration is complete, and users can start voting.

What are voting vaults?

Voting vaults are simply smart contracts that allow any programmable logic to be used for allocating voting power to governance participants.

Some example metrics include:

• Reputation or merit-based systems
• User protocol usage metrics
• User governance participation data
• Token-holding
• Positions in DeFi protocols (staked assets, collateral, LP positions, etc.)
• Any other metric or combination of metrics

This gives the community complete modularity and flexibility over how to structure a DAO's governance framework.