Proposal

Allow voters in Dev Protocol's Quadratic voting process to buy additional votes by sending DEV to a smart contract which then returns votes and burns received DEV.

Overview

Dev Protocol currently uses Quadratic voting for governance. Under Quadratic voting individuals buy votes for their preferred alternative, paying the square of the number of votes purchased. Quadratic cost uniquely makes the marginal cost proportional to votes purchased, encouraging voting proportional to the value and thus maximizing welfare.

Incentives

1. Large DEV holders will burn DEV to receive additional votes which should encourage them to maximize the protocol's value in order to receive a return on investment of their burned DEV. This will diminish attacks through governance.

2. Dev Protocol creates another token sink which reduces the effects of inflation.

Technical Implementation

Escrow contract that holds non-transferrable voting rights. Users transfer DEV to receive voting rights. Escrow then burns DEV received. Interface shows user how many additional votes they'll receive for DEV sent.