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Plural Voting System for Deep Funding Governance

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Plural Voting System for Deep Funding Governance

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photrek Mar. 19, 2025
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Challenge: Open challenge

Industries

Algorithmic/technicalCommunity and CollaborationSocial welfare

Technologies

Data science & analytics

Tags

Governance & tooling

Description

SingularityNET seeks proposals to design and implement a Plural Voting system for Deep Funding governance. The goal is to enhance decision quality, transparency, and fairness while reducing manipulation and boosting participation. Proposals should explore plural voting, integrate homomorphic encryption for privacy, and leverage reputation-weighted voting. They should reference Photrek’s DF4B-RFP-2 report and may include a beta round and simulation frameworks to optimize performance and fairness.

Detailed Idea

Alignment with DF goals (BGI, Platform growth, community)

Deep Funding seeks to enhance governance by ensuring decisions reflect financial contributions, community expertise, and active participation. A Plural Voting system will balance influence, prevent centralization, and boost trust and engagement. This system can integrate quadratic, stake-weighted, and reputation-based mechanisms to promote fairness and transparency. A dedicated portal would streamline implementation, allowing intuitive vote allocation and real-time governance optimization. Controlled experiments and data-driven simulations will validate the system’s impact, ensuring improved decision-making efficiency. Reputation-based voting can align influence with consistent participation quality, while blockchain and decentralized identity (DID) integration will enhance security and prevent sybil attacks. By fostering a more equitable governance model, Plural Voting will empower Deep Funding participants to make informed, impactful decisions that drive the ecosystem forward.

Problem description

Deep Funding’s current voting system uses square-root weighting but faces strategic voting issues like vote splitting and extreme tactics. Influence is concentrated among large stakeholders, reducing representation for active smaller voters. Funding outcomes often misalign with community priorities. Photrek’s research shows quadratic voting improves decision quality. Plural voting could balance influence fairly, but it needs testing and integration to enhance Deep Funding governance.

Proposed Solutions

To enhance Deep Funding governance, we need a Plural Voting system that integrates quadratic, stake-weighted, and equity-based mechanisms. A user-friendly interface should enable intuitive vote allocation. Beta testing will refine fairness and efficiency. Integrating reputation coins can balance financial influence with participation quality. Data-driven simulations can optimize governance, while blockchain and DID integration ensure transparency, security, and resistance to sybil attacks.

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