Maturity-Adjusted Voting Weights
The governance framework is designed to foster long-term commitment and appropriately reward stakeholders for their sustained engagement. To achieve this, we have implemented a maturity-adjusted voting system based on token balances. In this system, the voting weight of each token increases with the duration of its engagement, referred to as maturity. At the end of the vote, all weights are summed up, and the option with the highest total weight wins.
The voting weight of the RIZENET token increases linearly each month for 36 months until it reaches its maximum maturity, at which point it has three times its initial weight. This scaling means that a newcomer to governance would need to acquire three times the number of tokens to match the voting power of one fully matured token.
Key Features:​
- Maturity-Adjusted Voting: Rizenet tokens increase in voting weight linearly each month for 36 months. At full maturity, a token's voting weight is three times its initial value.
- Equalizing Influence: A newcomer to governance must acquire three times the number of tokens to match the voting power of a fully matured token.
Benefits of Maturity-Adjusted Voting​
Unlike traditional token locking, which reduces token liquidity and potentially lowers market value, maturity- adjusted voting enhances the value of matured tokens by increasing the influence of long-term stakeholders. This mechanism ensures that long-term participants have a greater say in governance decisions, creating a positive incentive for stakeholders to remain engaged and committed to the governance process.
Moreover, the maturity-adjusted voting weights system extends beyond voting. It can also influences the calculation for staking rewards (if it becomes applicable), airdrops, and community rewards, where long- term holders are further rewarded for their loyalty to the ecosystem. For example :
- Staking rewards : Tokens that are held longer could earn higher yields or additional rewards.
- Airdrops : More mature tokens could qualify for larger airdrop allocations.
- Community rewards : Contributions from members holding more mature tokens might receive greater recognition and rewards, acknowledging their prolonged support and contribution to the ecosystem.
Additional Rewards for Long-Term Commitment​
The maturity-adjusted system extends beyond voting by allowing to weight various rewards using bonds weight. This incentivizes long-term loyalty to the ecosystem.
- Staking Rewards (if enabled): Tokens held for longer periods may earn higher interest rates or additional rewards.
- Airdrops: More mature tokens may qualify for larger airdrop allocations.
- Community Rewards: Long-term token holders contributing to the ecosystem may receive greater recognition and rewards.
This framework fosters responsible governance by empowering long-term stakeholders, aligning incentives, and ensuring the Rizenet ecosystem grows sustainably with committed participation.