[VeBetterDAO Proposal] Endorsement point for NFT Galaxy

General
1

Hi VeFam, I’m Mariano from Italy. I consider myself an evangelist of VeBetterDAO.
I’m a very active user of the dApps. I’m sure someone can “say my name.”

I have a proposal that I believe is simple but could generate several benefits within the ecosystem we’re so fond of: to also give endorsement points to users who have upgraded their GM NFT Galaxy using the B3TR token.

This broadens the audience of people who can endorse a dApp, granting this power to those who have invested their tokens in GM NFT Galaxy.

Benefits:

  • To grant endorsement points to holders of GM NFT Galaxy (updated with b3tr token).
  • To broaden the pool of endorsers, especially considering the increasing number of dApps (and consequently, the number of endorsement points needed to access weekly allocations).
  • To empower genuine and active users of the DAO.
  • To increase the value and adoption of NFT Galaxy (and the resulting resources flowing into the treasury).
  • To support the spread of NFT Galaxy as a signal of a real and active vePassport (as outlined in the vePassport documentation).

Currently, endorsement points are assigned by VeChain node holders (see the table below). My proposal aims to add an endorsement score for NFT Galaxy holders (updated with b3tr token).

Essentially, even those who have minted an NFT using B3TR will have the possibility to endorse dApps, just like those who hold a VeChain Node.

Based on any feedback received, I will evaluate whether to seek support for the proposal.
Thank you everyone.

VeChain Node Type Endorsement Score Free Upgrade Level NFT Name (Free Upgrade )
Strength 2 2 Moon
Thunder 13 4 Venus
Mjolnir 50 6 Jupiter
VeThorX 3 2 Moon
StrengthX 9 4 Venus
ThunderX 35 6 Jupiter
MjolnirX 100 7 Saturn
NFT Name (updated with b3tr token) B3TR needed Endorsement Score
Moon 5,000 B3TR 2
Venus 25,000 B3TR 9
Jupiter 125,000 B3TR 35
Saturn 250,000 B3TR 100

Ref.:

2

Absolutely not. This will only enable bad actors to take advantage and make malicious apps get endorsement’s, take Oily for example, was unendorsed due to team yoinking massive portions of weekly allocations but since purchasable endorsements exists they were able to buy back in recently and the community cannot do anything regarding it rather than to pass a proposal and wait a week and hope the people will sacrifice their weekly voting rewards to vote against Oily, which 90% will not do as seen in previous proposals.

Endorsement points should remain with the node holders itself, giving endorsement points to NFT holders is extremely damaging to the eco-system mainly because of the extremely low entry point. 250k b3tr for 100 points is a joke, when bots are siphoning off twice that amount every week, only a matter of time before bad actors are freely able to endorse multiple malicious apps.

3

Rather than just blatantly dismissing it, I’m gonna go ahead and offer an alternative as well.

With the current structure, the DAO is allready open for financial foulplay by anyone willing to cough up the money for an x-node or an economic node.

However, the implication is that it would cost approximately $20,000 (as of today) to obtain a few votes.

With the suggestion that B3TR GM upgrades attain the same amount of votes as node holders, you decrease that treshhold to $400.

Not to mention irreversibly alienating your nodes.

The possibility allready exists to purchase an X-node, or economic node, by buying a sufficient amount of VET, and either letting it mature, or purchasing a node on the marketplace.

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