Quadratic Voting on the host chain: A ZK-Powered Governance Model for Securely Updating Smart Contracts
How do you upgrade a decentralized protocol? The naive answer is a multi-sig wallet controlled by the founding team. The idealistic answer is one-person-one-vote. Both are wrong.
Multi-sig is centralization with extra steps. One-person-one-vote ignores the intensity of preference — a stakeholder who barely cares about a proposal has the same power as one whose entire business depends on it. And one-token-one-vote, the most common Web3 model, simply reproduces plutocracy on-chain: whoever holds the most tokens wins every vote.
