Thanks for trying to explain @EnzoPlayer0ne, but I think we need a little bit more information to make governance decisions. Going for IC DeFi is great if that is the goal.
You seem to give Ethereum as a good example, but it doesn’t look too good here
☕ Liquid Staking Tokens (LST) on other chains
A few liquid staking DAOs and CEXes - entities you can count on your fingers have 58% of the governance power using user assets and having no skin in the game.
If we apply that to IC governance where it takes >50% to upgrade the protocol, with time it is going to completely change who is governing it (Unless it turns out to be an instant attack). Perhaps the next step after that will be to move to AWS nodes.
These are people who have worked hard for years, and people who have invested in it and work towards creating something valuable.
Are you proposing that CEXes and liquid staking DAOs govern the IC instead of them, like in Ethereum? If so, when will they come and try to convince us it’s a good idea? What are they offering? What is their roadmap? Or for them, it’s just another token they want to get fees from. Lowering the minimum dissolve delay and expanding governance rewards to a broader group could significantly increase downward pressure on ICP.
Canister neuron limits don’t really limit staking. You can have LST with CK and HTTP outcalls. CEXes can also stake neurons directly. Reducing the minimum dissolve delay is going to make all of these more interesting for CEXes, not just nICP
For a lot of people in the ecosystem - everyone who gets paid $ amounts in ICP monthly (that’s pretty much half of the ecosystem), the ICP price doesn’t matter at all, so they are probably going to not care about the implications initially until it just all burns down.
Last but not least - why would the new governors care how valuable ICP is, if they don’t have any stake in it themselves while governing it?
Looks like this needs to be negotiated with the NNS DAO, not carried out covertly. Perhaps CEXes and DAOs buying and staking X amount of ICP allows them to use the voting power of X amount coming from user assets. Sounds much more fair than giving voting power for free, just to get some kind of fake decentralization that could very well be the end of the IC.
You also probably need to make sure each CEX governs alone to have a higher Nakamoto coefficient and puts their reputation on the line by registering a known neuron.