Stakeholder apathy is an issue that has emerged even in networks with votes that have big on-chain consequences.
Part of the reason seems to be that frequent and proper (research and ballot casting/proposals) voting itself is work. At some point people assume (perhaps correctly) that if they don’t vote, the people who have done the work will make the correct decision or that the effort invested by them is not worth the impact on the outcome.
Funding a pool for each vote and allowing each voter to claim a proportional amount of the funds in the pool may create greater engagement.
Each voter would be able to receive a payout according to:
POOL_SIZE X SNT_VOTED / TOTAL_SNT_VOTED
There is a vote on an issue and 100,000 SNT is put into the pool.
At the of the end of the vote a total of two addresses have voted.
Address A voted with 750,000 SNT
Address B voted with 250,000 SNT
At the end of the vote:
Address A receives: 75,000 SNT
Address B receives: 25,000 SNT
Two metrics of stakeholder representation are % of total SNT voted and % of addresses holding SNT voted
If at least one number goes up, it’s probably an experiment that is worth running further.