The Cream team released token locking contracts a few weeks ago and a significant % of the total CREAM supply has been locked inside. The exact numbers are hard/tedious to find as with most things with Cream but my guess is about 3% is locked for 1-4 years, not including the lock rewards.
These are people that have already committed to the long term success of Cream but with the current governance tools have absolutely no voting power. That’s a serious issue!!! We need to brainstorm the best ways to give these people a say in Cream governance. I assume we will want to keep using snapshot.page so it should be compatible with that tool.
So far ideas I’ve come up with:
- Can we modify snapshot.page to also take snapshots of the locking contracts? That seems most reasonable but i don’t know feasibility. It also doesn’t add weight to people that staked for longer amounts of time.
- Should we issue CREAM tokens proportional to amount locked at the beginning of yesterday? This is easiest but dumbest idea in my opinion, still works though.
- Create a second governance token and airdrop to people? Seems overly complicated but it’s the least invasive option I can think of.
Another separate question is should we include people’s lock rewards in their governance power?
If we want the people that have already committed to Cream’s success to continue contributing, solving this problem is paramount.