Gasless Voting on Aave

Hello everyone,

Today I would like to talk about gasless Voting on Aave.

Why?
Because the voting system is extremely important and relevant to the whole DAO we need more people to be involved in votings. The problem is that probably most small holders won’t vote because of high gas fees on chain.
That’s why I would like to recommend and take a look at Bancors try with gasless votings.
See here full explanation: UPDATED: Gasless Voting via Snapshot - BIP Discussion - Bancor Governance Forum

Implementing something similar would probably get us more votes for pending AIPs. And the more people are voting the more realistic the votes can and will be. As not a few single whales are gonna decide which way Aave should go.

What do you think?

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I pretty much agree with trying to find a good solution for gasless voting. Governance participation was already an issue when the gas costs were acceptable, but now it’s a burden for token holders that is not sustainable long term. With that said, some teams already tried to create gasless governance in the past, with little to no success. The bancor attempt seems interesting and for sure something to keep an eye on.

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That’s it. It’s hard to get people on voting if they aren’t wealthy enough. It’s more of a privilege right now than the voice of holder.

And yes I fully agree that there has to be a good solution. Unfortunately I’m not a dev and cannot say pretty much how this has to look like. But maybe someone else can? Like maybe @Zer0dot?

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I can :slight_smile:
The issue with gasless voting is that requires some level of trust. Essentially you can create an offchain system (like the one of snapshot) that collects the voters preference through message signing instead of submitting transactions, which does not cost anything. The issue comes when you try to submit the result onchain, because there is no guarantee that the centralized party will submit the result correctly (either because of malicious behavior or bugs). Due to that, some systems in the past tried to use a dispute mechanism on proposals submission, so that if there is a malicious attempt to submit tampered results onchain the vote can be invalidated. But no one really succeeded until now, i will need to research the bancor attempt a bit more

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Ah now I get the problem. Yes sure… That’s a big thing of course. We’ll Im going to take a look at Bancor attempt too. Maybe some ideas will come up.
Thanks for your Input @Emilio

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Is there a way to pay the gas and get reimbursed after you participated in governance? It sounds to me it will solve the gas price issue for newcomers and will encourage activity

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Maybe another could be to do a voting, pay the gas fees and get aave as an Airdrop as a reward that you participated. This could be a possible solution.

i think this is a great idea and it makes a lot of sense. Luckily GnosisDao has come up with a potential solution for gas burdened voters. SafeSnap is a tool for combining off-chain voting with on-chain execution, without compromising decentralization.

more info here: https://blog.gnosis.pm/introducing-safesnap-the-first-in-a-decentralized-governance-tool-suite-for-the-gnosis-safe-ea67eb95c34f

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anyone else like this idea, as it kinda permeates throughout the student body, majority wise it makes sense too. Simply put, i would compare it to the fairest, non-greedy, make more,then pay a little more. Just the P2P concept itself is one of the basic principles ,and main reasons why i am here. I dont know about y’all,but not paying out money each and everytime i want to create wealth for myself? When the inputters of a few buttons on a keyboard make more than any 50 of us majority wise, anyhow. Another good reason? non-corporate officers, board members, lobbyists, all y’all go away,you arent welcome, nor needed, heck, unwanted period! You think?

Fully agree, may be to vote with the same smartcontracts but on a Ethereum Testnet could be a solution

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While we are talking about better voting system on Aave, let me up this post Use aAAVE to participate to governance

I think that should be a priority from the governance perspective and probably the most efficient cost/reward solution to get more people involved in governance process (12% of AAVE tokens are aAAVE fyi).

1 Like