Governance Overhaul and Future Rewards

[Beepidibop]

Copying some posts from the aYFI thread over because we discussed double-voting there:

@Beepidibop

Read through a bit of the code. Am I correct in saying the snapshot takes the current available liquidity of the a pool (e.g. Aave) and divide it amongst the pool token holders?

For example:

1. 100 addresses provide 1YFI each of liquidity to Aave, each of them gets 1 aYFI
2. Borrower A borrows 1 YFI from Aave
3. Snapshot taken
4. Shapshot distributes the aYFI holders 1aYFI=0.99YFI of voting power
5. Shapshot distributes 1YFI of voting power to Borrower A
6. Total YFI voting power remains 100YFI

This would take care of the double-voting if my understandings are correct. Just need to make sure loan providers understand they’re not voting with all the YFI they deposited, only the portion that’s not being actively loaned out.

Edit to add image of code in question:

@fabien

This is how it work with Balancer strategy (the one in the screenshot), it take the total token in the pool and divide among the pool token holders. With Balancer pool there isn’t this concern about double spend because the tokens counted are in the pool.

Aave created a space on Snapshot to enable both LEND and aLEND but it just use the basic strategies to take balanceOf these 2 ERC20 and doesnt take burrowed LEND into account see here: https://github.com/bonustrack/snapshot-spaces/blob/master/spaces/aave/index.json#L11-L28

If you want to remove the tokens that have been burrowed to avoid double voting you will need to create a custom “Aave” strategy for it. I can help if someone want to contribute to this.