While you are providing liquidity in the SWISE-sETH2 pool, your SWISE tokens become unavailable for voting. This leads to people who would like to participate in the voting process, but due to their liquidity being locked, are not able to have a voice in the DAO.
What if we could enable / encourage participating in the SWISE-sETH2 pool by enabling liquidity providers to continue to have a voice while they are helping to support the StakeWise ecosystem by providing liquidity?
Idea for Discussion
Recently cryptomorrow in the Discord asked if it would be possible to exercise voting rights of the SWISE while locked in the liquidity pool.
My initial thought would to have it apply to the SWISE-sETH2 pool only, as that is what is “locked”.
If someone wants to exercise SWISE voting with rewards, there’s nothing to stop them from pulling their “rewards” and “fees” prior to a snapshot being taken (the forum is where the discussion happens - we could ask the team to consider a 24 hour notification post somewhere prior to taken the snapshot so that people have an opportunity to do so).
As the oracles determine what the current position is on a daily basis to determine rewards - that same logic could be used to gather the information that would be needed for the snapshot for any votes.
This could then be leveraged as part of the snapshot mechanism to give liquidity providers a voice.
- Increased participation in the SWISE-sETH2 pool
- Increased liquidity provider satisfaction of the SWISE-sETH2 pool
- Increased participation in the DAO voting process