Voting Power

Voting power in the Noderr governance system is a hybrid metric designed to balance the influence of long-term token holders with the reputation and contributions of active node operators. It is the sum of a user's token-based power (veNODR) and their role-based power (Node Operator bonus).

This power is calculated at the time a proposal is created (the "snapshot" block) and is used to weigh votes on Snapshot.

The Voting Power Formula

Your total voting power for any given proposal is determined by the following formula, executed by our custom Snapshot strategy:

Total Voting Power = veNODR Balance + Node Operator Power

1. veNODR Balance

This is the foundational component of voting power, representing a user's economic stake and long-term commitment to the protocol.

• Source: Your balance of veNODR (Vote-Escrowed NODR).
• Calculation: 1 veNODR = 1 Vote.
• How to Acquire: You get veNODR by locking NODR tokens in the VoteEscrowedNODR contract. The longer you lock your tokens, the more veNODR you receive. This mechanism rewards long-term holders with a greater say in governance.

2. Node Operator Power

This component rewards active participants who run the infrastructure that powers the Noderr network. It is calculated based on a combination of the operator's assigned tier and their performance, as measured by the TrustFingerprint™ score.

Node Operator Power = Base Power × TrustFingerprint™ Multiplier

• Base Power by Tier: Each node tier is assigned a base amount of voting power. This reflects the level of responsibility and commitment associated with that tier.

  | Node Tier | Base Voting Power | | :-------- | :---------------- | | Oracle | 7,000,000 | | Guardian | 4,000,000 | | Validator | 2,000,000 | | Micro | 1,000,000 |

• TrustFingerprint™ Multiplier: This is a dynamic multiplier that adjusts an operator's base power based on their performance. A higher TrustFingerprint™ score, reflecting excellent uptime, quality of service, and governance participation, results in a higher multiplier.

  • Range: 0.5x to 2.0x
  • Example: An Oracle with a perfect TrustFingerprint™ score would have their base power doubled (7M 2.0 = 14M votes), while an Oracle with a poor score could see their power halved (7M 0.5 = 3.5M votes).

How It Comes Together

When you vote on a Snapshot proposal, the Noderr strategy automatically performs these calculations:

1. It reads your veNODR balance from the VoteEscrowedNODR contract.
2. It checks if you own a Noderr Utility NFT. If you do, it retrieves your node tier and current TrustFingerprint™ score.
3. It calculates your Node Operator Power based on the table and multiplier above.
4. It sums your veNODR balance and Node Operator Power to determine your final voting power for that specific proposal.

This hybrid system ensures that both passive, long-term investors and active, high-performing operators are key stakeholders in shaping the future of the Noderr Protocol.