I totally agree with this, and have mentioned before that I think we should be incentivizing governance more specifically for this reason. I’m not sure if this would look like increased fees to drive higher rewards to stakers/voters– but I do think that economic incentives are the best ones for governance participation.
For the voting process, I also think “abstain” is an important third option (for larger holders who want to claim rewards frequently) and vote delegation for smaller holders who want to participate in governance but don’t want to spend the gas– I’ve got a small group of friends who all hold less than 1 YFI and are in this situation.
Lastly, I really, really think we should implement Andre’s proposed weighting system. I still like the idea of weighting someone’s lockup equally across the entire lockup period, likely with a max of 1 year lockup (so 1 YFI locked up for 365 days is 1 gYFI, locked up for 182 is ~0.5 gYFI, etc). Perhaps we could do a poll on vote.yearn.finance for this– gauging sentiment mainly on A) whether the gYFI would be transferrable or not, and B) how the weighting should work for the lockup period (diminishing weight, static weight, etc)