Voting Mechanisms

LumosDAO offers a variety of voting mechanisms to suit the diverse needs of DAOs, ensuring that decisions are made fairly and transparently. Each DAO can select the voting system that aligns with its governance structure and token distribution model. Here are the key voting mechanisms supported on LumosDAO:

1. Token-Based Voting

In token-based voting, each member's voting power is proportional to the number of governance tokens ($LUMOS) they hold. This is the default voting system and is commonly used for decisions that affect the entire community. Members with more tokens have a greater say in the outcome, reflecting their stake in the DAO.

2. Weighted Voting

Weighted voting allows members to distribute their voting power across multiple proposals based on their importance. Members can allocate a percentage of their total voting power to different proposals, making it possible to express varying degrees of support for different initiatives.

3. Quadratic Voting

Quadratic voting enables members to express not just their choice but also the intensity of their preference. Members are allocated a set number of votes, but the cost of each additional vote increases quadratically. This system prevents a small number of token holders from dominating decisions while allowing minority voices to be heard.

4. Approval Voting

In approval voting, members can cast their votes for one or more options from a list of proposals. Each member’s total voting power is divided equally among the options they approve of. This method allows voters to express approval for multiple proposals without ranking them.

5. Cumulative Voting

Cumulative voting gives members a fixed amount of voting power, which they can distribute freely across multiple proposals. Members can either spread their votes evenly or concentrate them on a single proposal, depending on how strongly they feel about each option.

6. Range Voting

In range voting, members rate each proposal on a scale (e.g., 1 to 5). The total score for each proposal is calculated by summing the ratings from all members, with the highest-rated proposal being the winner. This system allows members to express nuanced opinions on each proposal.

---

Each voting mechanism is designed to accommodate different governance needs, from simple majority rule to more complex systems that account for the intensity of preferences. DAOs can select the mechanism that best suits their community and governance structure, ensuring a balanced and inclusive decision-making process.