The Importance of a Robust Constitution for Safeguarding the ENS Protocol

[nick.eth]

@imrulo.eth

Amendment Proposal: Capping Voting Power

Article VI: Safeguard Against Centralization

To preserve the decentralized nature of the ENS governance system, no individual or entity shall possess more than a specific percentage (e.g., 5%) of the total voting power in the ENS ecosystem. This limitation aims to prevent the undue concentration of power among a few and ensure an equitable and balanced decision-making process.

Examples:

Allowed: An individual or entity with 4% of the total voting power acquires more ENS tokens, raising their voting power to 4.5%. This increase remains within the acceptable range stipulated in Article VI.

Disallowed: An individual or entity with 4.8% of the total voting power acquires more ENS tokens, raising their voting power to 5.5%. This increase surpasses the limit established in Article VI, and the excess voting power must be redistributed or relinquished to remain in compliance with the constitution.

By adopting such an amendment, the ENS community can bolster the constitution by addressing the centralization vulnerability and fostering a more equitable and decentralized governance system.

What practical effect do you expect this would have?