VeBetterDAO Proposal Passes with Significant Support, Bringing Changes to the Ecosystem

• VeBetterDAO’s proposal on Quadratic Voting/Funding passed with 13.3 million $VOT3 tokens in support, driving platform changes.
• Proof of Sustainable Work solution encourages app engagement and rewards users based on activity within the Better apps ecosystem.
• VeBetterDAO will implement X-Node Endorsements and GM NFT Upgradeability by October to enhance governance and NFT utility.

VeBetterDAO’s latest proposal on Quadratic Voting and Funding passed with strong community backing. According to a X post on their official handle, over 13.3 million VOT3 tokens were cast in favor of the proposal.

🚀 Big news for VeChain! The VeBetterDAO Proposal has passed with 13.3M $VOT3 tokens. 🎉 Get ready for Quadratic Voting, Proof of Sustainable Work, and upcoming features like X-Node Endorsements and GM NFT Upgradeability. 🌟 #VeChain #Blockchain #Crypto #DeFi… pic.twitter.com/phpQV9ImQ7

— Collin Brown (@CollinBrownXRP) September 10, 2024

The initiative aims to boost user participation and rewards through new governance mechanisms. The development team has already started implementing the approved changes to enhance the platform’s overall user experience.

Introduction of Proof of Sustainable Work Solution

A major highlight of the proposal, introduced by Sunny Lu, is the introduction of the Proof of Sustainable Work (PoSW) system. This solution encourages users to engage with Better apps regularly, rewarding them with governance tokens based on a minimum value score.

The score is determined by a user’s activity within the ecosystem, making the governance rewards more accessible and equitable. Besides enhancing app usage, PoSW aims to drive more transactions, which is expected to increase overall user rewards.

The dev team believes that this approach will foster a more active and engaged user base. They are confident that the PoSW solution will streamline the governance process while promoting sustainable interaction within the platform.

Future Plans

In addition to PoSW, VeBetterDAO plans to introduce X-Node Endorsements and GM NFT Upgradeability by the end of October. These features aim to strengthen the platform’s ecosystem. X-Node Endorsements will give trusted nodes more influence in governance, ensuring that decisions align with the community’s best interests.

Furthermore, GM NFT Upgradeability will allow users to enhance their existing NFT assets, increasing their utility. This feature is expected to boost both user engagement and investment in NFTs on the platform.

The successful passage of the VeBetterDAO proposal marks a major shift for the platform, introducing features designed to improve user engagement and governance. The development team is moving swiftly to implement these updates. These changes position the platform for a more sustainable and rewarding future.

Source