Hey guys, Figue from Paladin. We’ve been studying private voting quite a lot internally.
Our current stance on it is it is more dangerous than useful in the sense that it totally cancels out discussions during the vote.
In some very specific cases like elections, this could be relevant, but it also means it won’t be possible to detect collusion until vote is over.
Shielded voting will also prevent to know the stance of actors until the end of the vote unless they have publicly expressed it. This means that all the discussions with VCs who haven’t followed the governance closely are impossible. If this happened, Uniswap wouldn’t have been deployed on Uni v3, since A16Z nuked the vote and no one would have known about it until too late.
Removing the live outcome of the vote kills part of its interest.