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Researchers Propose New Decentralized Autonomous Organization (DAO) Voting Scheme Combining Best Features of Existing Methods

Researchers at the Singapore University of Social Sciences have evaluated existing decentralized autonomous organization (DAO) voting schemes and found that a new paradigm combining the best features of each would be more efficient than the current popular voting schemes. The team's paper, "Voting Schemes in DAO Governance," analyzes eight current techniques for DAO governance and assesses their perceived strengths and weaknesses.

The researchers propose a hypothetical voting mechanism for a purely decentralized and permissionless DAO governance that would accelerate conviction voting with a "holographic mechanism" and implement an incentive paradigm. While the proposed scheme is not flawless and may face implementation challenges, the researchers aim to inspire innovative design thinking.

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