Proposal to Revise the Current Staking System
Yo, I've posted a proposal on the u/Polkadot forum to enhance our staking system by linking rewards directly to voting activities, aiming to increase participation and decentralize even more the voting power.
Explore the proposal and share your insights:
https://forum.polkadot.network/t/proposal-to-revise-the-current-staking-system/10749…
This proposal addresses the current lack of voter turnout and the widespread dissatisfaction of non-voting members. By tying rewards to voting, it encourages more stakeholders to participate actively in governance, effectively combining utility with pleasant engagement. The revised system is not just beneficial for increasing the number of votes but also aligns with the spirit of community and shared responsibility within Polkadot, ensuring that every voice has the potential to be heard and every vote truly matters.
Thank you @EmilKietzman for some important input on this topic.