- First off, adding a small cost to voting does not always mean a voter loses JUP. All votes qualify for ASR, and ASR has been more than 0.1% of stake. For holders with small amounts of stake 0.1% is very small, this extracts a higher cost out of whales and redistributes that stake to ASR (aka everyone who votes). This actually increases the wealth of little guys.
Stake Vote Tax Example:
0.001 x 5= 0.005 JUP
0.001 x 5000= 5 JUP
The little guy gets more JUP from ASR, even if he votes, since all voting taxes go into ASR. If the little guy “abstains” in a vote, then he incurs no cost and gets ASR.
Whales are also more likely to vote instead of abstain.
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Charging JUP does not remove participation because you still must vote to qualify for ASR. You can simply choose the “abstain” option if you do not want to pay the 0.1% vote tax.
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These ideas are not deterring anyone, that is your opinion. We are currently paying a price whether you recognize it or not. We get people to think about votes via incentives, not by hoping they do research.
I suggest you consider how ASR is funded in my examples and stop hyper-fixating on the idea of paying to have your opinion heard. ASR will VASTLY benefit little guys and cost whales more for voting. This distributes power more evenly than it currently is. Whales currently have a tremendous advantage in the DAO.