The governance project called Cardano Catalyst, which enables users to finance developer ideas, is having major manipulation problems. By enabling users to vote on ideas that promise to expand use cases and improve the ecosystem, the platform intends to develop the Cardano network. Sadly, not everyone makes use of it in the intended manner.
Let’s examine a stark case. Consider a single proposer presenting 29 distinct proposals for a cumulative amount of $11.5 million, all of which are under $1 million. That amounts to a staggering 23% of the total cash designated for Fund 10 (F10).
The really shocking part is that you can quickly downvote each of these plans by using the Catalyst voting app’s “oussama” keyword search. Why would you act that way? Due to the fact that downvoting these ideas gives you more influence over the projects you genuinely support.
However, there’s still more. Some developers have created ideas that are so incredibly complicated that they are practically hard to comprehend. However, these ideas assert that they are urgently required for the network to develop right away. It’s like when someone tries to pass off a puzzle with pieces missing as a masterpiece.
What does this all imply for Cardano Catalyst, then? On the one side, the project provides a democratic mechanism to finance initiatives that can actually enhance the Cardano network. On the other side, the system is open to manipulation, making it possible for cunning people to take advantage of it.
The platform has demonstrated its ability to revolutionise blockchain governance. However, these deceitful methods are clouding the issue and putting a damper on what may be a ground-breaking plan. Participants and onlookers must use caution, thoroughly consider suggestions, and call out any manipulative techniques.
