What is Conviction Voting and why do we need it?

"Conviction Voting offers a novel decision making process that funds proposals based on the aggregated preference of community members, expressed continuously."
Jeff Emmett, @CommonsStack

Conviction Voting is a decision making process in which voters continuously express their preference by staking tokens in support of proposals they would like to see approved, with the conviction (i.e. weight) of their vote growing over time.

When a voter unstakes their tokens, their conviction for that proposal starts declining according to a decay function.

Conviction Voting
Example of Conviction Voting
[source - simulation]

Links and resources

Here are some links to help you understand what Conviction Voting is and how it works.
๐Ÿ–– Hi, I'm Daniele Salatti
And I am part of the ๐Ÿฐ BuidlGuidl

A curated group of Ethereum builders creating products, prototypes, and tutorials to enrich the web3 ecosytem.

โค๏ธ We are an Ethereum public good.

๐Ÿ—ณ Conviction Voting