Yes, quadratic voting was brought up by @dylan in the analysis of IIP-7 close to 2 months ago now. For that particular proposal “whales accounted for ~80% of INDEX voting power, but comprised ~11% of voting addresses.” My understanding is we got significant pushback on quadratic voting.
We then proposed governance mining coupled with delegation. I think both are good options to pursue.
Good point and certainly worth a discussion. Smart Treasury is going to run as a 3-month experiment to start with. Overall, I think the numbers here are not significant enough to make much of a difference. I mean, 3 wallets made up 58% of the latest FLI vote for example (about 187k INDEX). I think Smart Treasury would be buying ~1.5k INDEX per month (@DarkForestCapital)? However, if we were to scale the Smart Treasury up, without addressing the governance concerns, that would be more of an issue.