Evolving Algorand Governance

The comments above from @anon are extremely insightful. The detailed explanation of how and why the delegation of voting power to DeFi from users would lead to unequal voting powers due to LP / lending mechanisms is something I have not imagined and definitely was not aware of from reading the governance proposal.

I hope more people would read this and hopefully the foundation would reconsider the governance proposal. @shaih

If the proposal is to be kept as it is, my main concern is that during future governance sessions the powerful voters (e.g. DeFi platforms) will never vote for taking away their 2x voting power, which will likely lead to permanent imbalance of voting power in governance, and ultimately creating an unequal “democratic” system.