Gov (Without Staking)

In an effort to maximize accessibility and encourage inclusivity from all types of $ATLA community members, the governance module has been outfitted with "floating participation" capability that allows any wallet that simply holds $ATLA the right to join in the referendums.

User that stake through 'Nomination Pools' do not have voting rights due to the coins being held in a system contract.

However, participating without staking is limited and implies its own set of nuances:

  • No Submitting Proposals

  • No Participation in Screening

  • Requires temporarily locking tokens per issue

  • Vote multiplier is 1/2

  • Discussion rate limited

Flagging (Without Staking)

Not Possible. Flagging is only available to the groups of users that can see proposals in the "screening" phase; those are only available to stakers.

Discussing (Without Staking)

Participating in the discussion without staking is possible. Given discussions are modalities that can quickly escalate to spam, rate limits have been imposed on all participants. Those that stake have a 20 block (1 minute) cooldown between posts; those that have no stake have a 1,200 block (1 hour) cooldown.

Voting (Without Staking)

Voting without any staked tokens is possible. If a user holds $ATLA in their wallet and decides they want to participate in governance, they will have to cast votes by locking they tokens into a proposal. These coins serve as a medium deterring sybil actors. If a proposal passes, locked tokens are returned after referendum implementation; if a proposal is denied, tokens are return in 86,400 blocks (~72 hours).

Proposing (Without Staking)

Not possible. Proposals can only be submitted by users that express the highest form of alignment with the network (staking $ATLA).

The rationale behind such an implementation is to ultimately incentivize all of the $ATLA coin holders to become stakers. It remains to be seen how much engagement such a design choice garners and in order to retain flexibility, anticipate that the community will adjudicate any of the potential flaws.

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