This topic is dedicated to sourcing potential ideas for how we can increase delegation of SCR tokens. There have been multiple conversations or messages exchanged relating to the low % of delegation (~3.5% of votable supply; ~0.68% of total supply) and so we want to create a public thread to think about what we can do about this.
Please respond as a comment to this topic with any ideas you might have relating to the below ideas or if you have any questions for now.
The goal is to source ideas in the coming weeks and then to have a discussion about what we want to do by the end of the year or at the start of 2025.
Ideas
We are keen to hear ideas that delegates or community members might have in terms of:
Increasing the amount delegates as a % of voteable supply (aka what kind of activities or campaigns could we trial to get current SCR holders to choose to delegate)
Fair structures for increasing the amount delegated from existing treasuries (i.e. have the Foundation delegate, delegate part of the DAO treasury to an Event Horizon public pool, etc.)
Calls to action the founders and core team can share with those in their network they know who are holding SCR
Delegate campaigns - host one or a series of conversations highlighting existing delegates to help those choose who to delegate to
The Event Horizon team is willing to create a community pool for Scroll which the treasury and/or community can delegate to. EH would also provide the infrastructure for voter passes to be minted by retail voters to participate. This would largely parallel the Arbitrum community pool. Along with this, EH can run delegate incubator programs such as its current program with U Penn / Franklin DAO which is onboarding ~15 student delegates.
We would be open to hosting a community call to share more if there is interest.
Thanks for bringing this up! The suggestions are already good, I guess a delegate campaign or call to actions to founders / core team are a low-hanging fruit. Probably (institutional) investors are also an obvious target to bring in more tokens.
Regarding the number of total delegations and also the quality of contributions, maybe the Training for Delegates Proposal draft could be a good starting point.
Also, could you share how the votable supply is defined?
Thanks @bitblondy. I do agree that those might be low hanging fruit. And I do also hope that the Delegate Training proposal can lead to positive outcomes in terms of bringing in more delegates and getting more holders excited to delegate.
To answer your question:
Total supply = total tokens issued
Votable supply = total supply - locked/unvested tokens
Delegated supply = the portion of votable supply that is actually delegated
Hi, I’m not sure if it would work for delegates and voters. But an idea would be to make the experience of “working” at Scroll easier and more satisfying. I would suggest a forever question: “What would make your life easier within Scroll’s ecosystem?” Targeting this question to delegates and voters…actively completing subsequent proposals…all the while improving the voter experience could have a flywheel effect. Here’s a paper i’m working on. Notion – The all-in-one workspace for your notes, tasks, wikis, and databases.
Thanks for the explanation @eugene. So in the end, the votable supply is what we should be looking at, I guess, since the locked/vested tokens are not available for delegation?
An easy idea could be to create resources (e.g. blog articles) around delegation on Scroll. Maybe the governance docs could be linked in the general/technical docs. They’re not that easy to find at the moment, though, they’re a very good resource.
@maets23 that’s something we’re generally thinking about in other contexts, but not as it related to improving % delegated. That question seems more relevant to questions like why people choose to build on Scroll, or be a delegate at Scroll DAO, or work at Scroll in any capacity. We will continue to explore from the appropriate lens and welcome suggestions there
Yes. It gets a bit semantic when normalizing across the space as, like with everything web3, few things are standardized.
Good call on the docs! Just pinged some folks to see how we can get that approved
I was thinking about a yearly/semesterly event where people can join live calls where delegates pitch (get a poap) and then those that delegate (or update delegating, even if changing back and forth to the same delegate) get some reward in newly minted scroll tokens.
So basically this inflates the supply a bit and penalises (lightly!) those that don’t at least review who they’ve delegated to.
The reward can be tied to the amount one holds. So the incentive is a bit bigger for larger holders (basically you don’t get diluted whatever your % if you re-delegate)
Picture this: SCR holders stake their tokens, then delegate those staked SCR to delegates. The yield is the result of the % of participation of that delegate. If the delegate you staked to doesn’t participate your yield is sent to the DAO. Yield could be shared with the Delegate. Therefore, there are incentives to (1) hold SCR, (2) delegate it, and (3) stay active in the governance.
Apply simple gamification.
SCR delegators that have delegated for X months enter a raffle. Again, active participation could be incentivized by for example, giving a multiplier of raffle tickets based on the activity of your delegate…
Governance + Community + Growth alignment.
What if for each grant a builder or community gets, a % (10%?) needs to be delegated and kept that way to continue participating in grants or ecosystem opportunities. OR what if the Level Up graduates get a challenge that is delegating some SCR, so that they also become part of shaping the present and future of Scroll
thanks for the question @eugene! It was fun brainstorming, hopefully some native dApps or community efforts can come out as inspiration from these type of reflection challenges
