Hey #Nearians, just a friendly reminder: you've got just one day left to cast your vote for the new #NDC voting mechanism. Every vote counts, so make sure yours is heard in shaping the future of the ecosystem! #FDAO #BOS #NEAR Exciting news is brewing in the NEAR DAO as we gear up for a significant upgrade in our voting framework. Here's a breakdown of what's driving this change and what it means for the community: 1/ Motivation for Upgrade: Voting power will now depend on staked tokens, ensuring commitment and accountability. We're addressing the lack of rewards for active contributors to incentivize participation. With further decentralization on the horizon, we're proactively tackling potential scalability issues. 2/ Proposed Solution: Introducing stake-weighted voting with quadratic weighting for a fair and balanced distribution of power. Rewarding active contributors based on their transaction history to recognize their valuable contributions. Leveraging scalable decentralized data sources to preempt any scalability challenges that may arise. 3/ Rationale for Parameters: Activity rewards will be set slightly lower than staking rewards to maintain fairness and balance. A threshold of 1000 NEAR tokens is established to ensure a level playing field in voting power distribution. 4/ Voting Power Calculation: Utilizing a quadratic formula to calculate voting power, with additional rewards for ongoing activity. Capping activity rewards to prevent manipulation and maintain integrity in the voting process. These upgrades are designed to foster a more inclusive and equitable voting system within the NEAR ecosystem. Stay tuned for further updates as we continue to evolve and enhance our governance mechanisms! #NEAR #DAO #VotingUpgrade 🚀🗳️