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Snapshot configuration

Strategies configuration for multi-stakeholder voting​

Strategies:​

We use three separate strategies so users can see in the UI what their voting weight is for each gov. group: Builders, Pods, and Token holders.

  1. MGV token with delegation and including vested, claimable tokens
  2. Builders Group Activity Score with delegation, quadratic-voting, and scaled to the circulating supply of MGV tokens
    • At the outer level, we use the with-delegation strategy to allow delegation.
    • Inside that we use the mangrove-station-qv-scaled-to-mgv which is built exactly for this
    • Symbol: vMGV-B
      • Rationale: reusing the symbol of the membership, adding "v" to signal that it's a voting token attached to the group, but not the same object.
  3. Pods Group Activity Score with delegation, quadratic-voting, and scaled to the circulating supply of MGV tokens
    • At the outer level, we use the with-delegation strategy to allow delegation.
    • Inside that we use the mangrove-station-qv-scaled-to-mgv which is built exactly for this
    • Symbol: vMGV-P
      • Rationale: reusing the symbol of the membership, adding "v" to signal that it's a voting token attached to the group, but not the same object.

Proposal configuration​

Validation strategies:

We use basic validation with a minimum score: Members with a voting power corresponding to more than 0.1% of the circulating supply can make proposals

  • Snapshot requires an absolute number, so we calculated what 0.1% corresponds to as of 2024-01-08:
    • Circulating supply: 137,392,418.57352012 MGV
    • 0.1% of circulating supply: 137,392

Voting configuration​

Quorum:

We’d like to set the quorum to 15% of the total voting power. However, Snapshot requires an absolute number, so we’ve calculated what 15% corresponds to as of 2024-01-08:

  • Circulating supply: 137,392,418.57352012 MGV
  • Total voting power: 3 * circulating supply = 412,177,255.72056036
  • 15% of total voting power: 61,826,588

Delegation​

The Delegation section is left unconfigured which (unintuitively) means that we use Snapshot’s built-in delegation system.