$2.30 0.49%
ADA · 4w

impact of voting?

i've been wondering about cardano voting. participated in the last round with my small cardano bag (which was great), and saw that one's voting power was equivalent to one's ada holdings at the time of snapshot. then one votes as many times as one likes applying full voting power to each yes. i believe the final tallies are a straight count of voting power. is that all correct? if so, my question is on the impact of this. does it optimize for whales? in a straight 1 token = 1 vote system, it's already whale friendly. however, this is the first time (and that's possibly due to low exposure to a variety of crypto voting), i've seen that voting power multiplied by however many things the voter likes. so while everyone gets to multiply their votes, it feels like whales get the most benefit, by having the biggest multiplier. have i missed something or is this the right take?
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