Mirror community ,
As you may or may not be aware Terra recently got it’s first yield optimizer https://spec.finance/. This was long overdue and is a great addition to the ecosystem. However now that we have protocols that hold a sizable amount of community funds , this introduces new risks in to the ecosystem.
Mirror V2 recently introduced rewards for voting participants to incentivize active governance participation.
Spec has decided to implement auto Mirror GOV voting in to it’s autocompounding strategies , and this strategy will basically auto vote “abstain” on all proposals to earn yield for voting. I see this approach of voting as useless governance input, and really goes against the whole purpose of incentivizing governance participation . And while sure someone could write a bot to do this, most people wont, and a protocol doing this on chain with a centralization of community funds is risky and bad for the decentralization of Mirror governance.
Not only that , we should not allow unapproved contracts to vote on mirror goverance as such protocols could amass a large amount of community owned gov tokens, and then possibly maliciously use those community funds to grant a would be attacker funds from the community spend pool (im not accusing spec of this , just something to be wary about as the ecosystem grows) .
Thus we should by default blacklist all contracts from voting on mirror proposals. Leave open the ability to whitelist contracts, but as of right now i dont see a situation where this would be a good idea .
Im interested in hearing the community’s feedback on this issue.