Voting Power

CredDAO uses a quadratic voting formula enhanced with reputation multipliers to ensure fair governance.

The Formula

votingPower = √(tokenBalance) × (1 + fairscore/50)

Components

Component	Description
√(tokenBalance)	Quadratic base - square root of tokens
(1 + fairscore/50)	Reputation multiplier

Implementation

pub fn calculate_voting_power(tokens: u64, fairscore: u64) -> u64 {
    let quadratic_base = (tokens as f64).sqrt() as u64;
    let reputation_multiplier = 100 + (fairscore * 100 / REPUTATION_MULTIPLIER_DENOMINATOR);
    quadratic_base.saturating_mul(reputation_multiplier) / 100
}

Example Calculations

Example 1: Active Community Member

Metric	Value
Token Balance	10,000
FairScore	78 (Gold)

quadraticBase = √10000 = 100
multiplier = 1 + (78/50) = 2.56
votingPower = 100 × 2.56 = 256

Example 2: Whale with Low Reputation

Metric	Value
Token Balance	1,000,000
FairScore	25 (Unscored)

quadraticBase = √1000000 = 1000
multiplier = 1 + (25/50) = 1.5
votingPower = 1000 × 1.5 = 1500

Example 3: Platinum Member

Metric	Value
Token Balance	50,000
FairScore	92 (Platinum)

quadraticBase = √50000 ≈ 224
multiplier = 1 + (92/50) = 2.84
votingPower = 224 × 2.84 ≈ 636

Power Comparison

Member	Tokens	FairScore	Traditional Power	CredDAO Power	Reduction
Whale A	1,000,000	25	1,000,000	1,500	99.85%
Active B	10,000	78	10,000	256	97.4%
Expert C	50,000	92	50,000	636	98.7%
New D	1,000	30	1,000	49	95.1%

Why Quadratic Voting?

Problem with 1-Token-1-Vote

Whale dominance: 1% of holders control 90% of votes
Plutocracy: Wealth ≠ governance capability
Disenfranchisement: Small holders stop participating

Quadratic Voting Solution

Traditional

10,000 tokens = 10,000 votes
100,000 tokens = 100,000 votes
10× tokens = 10× influence

Quadratic

10,000 tokens = 100 votes
100,000 tokens = 316 votes
10× tokens = 3.16× influence

Diminishing Returns

Votes = √(Tokens)

Doubling tokens: √(2x) = √2 ≈ 1.41× more votes
10× tokens: √(10x) ≈ 3.16× more votes
100× tokens: √(100x) = 10× more votes

Reputation Multiplier Impact

The FairScore multiplier rewards long-term, active participants:

FairScore	Multiplier	Impact
100	3.0×	Triple voting power
85 (Platinum threshold)	2.7×	Nearly triple
70 (Gold threshold)	2.4×	More than double
50 (Silver threshold)	2.0×	Double
30 (Bronze threshold)	1.6×	60% boost
0	1.0×	Base power only

SDK Usage

const power = client.calculateVotingPower(
  tokenBalance,
  fairscore
);
 
console.log('Quadratic base:', power.quadraticBase);
console.log('Reputation multiplier:', power.reputationMultiplier);
console.log('Total voting power:', power.totalPower);

Delegation Impact

When delegating, your voting power is affected by the delegate’s tier:

Delegate Tier	Power Efficiency
Platinum	150% of base
Gold	125% of base
Silver	110% of base
Bronze	100% of base
Unscored	80% of base

Tip:

Delegating to a Platinum member can increase your effective voting power by up to 50%.

Time-Locks Error Handling