Currently if you take into account of the current gZil holders based on wallet address. It is very well distributed. With top wallet holding at most 1.78% of gZil (ignoring Zilswap)
Based on your proposal , if SSNs are involved in governance voting on behalf of delegators, there’s will be a consolidation of executive rights to a few. And the following needs to be addressed.
A) Small pool of SSN
B) How to ensure validators conduct fair poll
C) What happens to delegators who don’t participate
D) Would they only vote for proposals that benefit them
If we take Etherum as an example:
Lido currently holds 42% of all staked ETH — 80% concentrated with 4 providers.
If applying the same logic behind it, the big whales will likely be controlling the governance. Not really a good way for decentralization.
Imo. There’s no simple solution for this. If this proposal is bad, vote against it.
This is a way to show democracy.
And there will never be a proposal without resistance.
I personally see this as a way to encourage more changes in the future. By lowering quorum and improving efficiency. If more users are participating (more than 20% quorum) , it still doesn’t alter the legitimacy as it’s only fair that people who bother to turn out to vote decides the outcome. Similarly to a country’s election. I feel it’s not right that People complain but they choose not to turn up for voting