Skip to content

Commit

Permalink
Update individual-spotlight-nns.mdx
Browse files Browse the repository at this point in the history
  • Loading branch information
jessiemongeon1 authored Jul 10, 2024
1 parent f68af89 commit 6c8d859
Showing 1 changed file with 2 additions and 2 deletions.
4 changes: 2 additions & 2 deletions blog/news-and-updates/individual-spotlight-nns.mdx
Original file line number Diff line number Diff line change
Expand Up @@ -68,10 +68,10 @@ image: /img/blog/indv-spotlight-3.jpg

*As I mentioned earlier, neurons can join the Neurons’ Fund, which means they may get an SNS neuron for each new SNS that is created while they’re in the fund. The issue is that your NNS neurons’ hotkeys are not automatically added to the SNS neuron you get for being part of the Neurons’ Fund. This means that they must go get their neuron’s “master key” out of cold storage and use it to set up hotkeys for their SNS neuron. We want to avoid putting them through this inconvenience, so our plan is to have the SNS automatically copy the hotkeys over when it gives the Neurons’ Fund participants their NNS neurons.*

**That sounds like a great feature that will greatly enhance the Neurons' Fund experience.**
**That sounds like a great feature that will enhance the Neurons' Fund experience.**

**It was great learning so much about the NNS in this conversation; thanks, Andre, for chatting with us! To wrap things up, what’s your favorite thing about ICP?**

*Of course I’m biased by being on the NNS team, but I think the tokenomics of ICP in relation to governance and neurons is very cool. Many DAOs have less sophisticated tokenomics, where anyone who holds that DAO’s token can vote. The issue is that you may find yourself incentivized to vote for the short-term benefit of the token at the cost of the long-term benefit. The NNS and SNS, on the other hand, only allow you to vote when you’ve locked your tokens in a neuron for a minimum staking period (six months in the NNS) and give you additional voting power for the longer you have your tokens locked for. This naturally reduces the incentive to consider only the short term when voting. To be honest, I even wonder if companies could structure their share-based voting system to work in a similar way. Since SNSs work this way, I think this gives an inherent advantage to projects managed via the SNS over other projects with worse voting incentives.*

**Thanks again, Andre from the NNS team, for providing such great insight into the NNS for us! Be sure to tune in next time for another individual spotlight interview!**
**Thanks again, Andre from the NNS team, for providing such great insight into the NNS for us! Be sure to tune in next time for another individual spotlight interview!**

0 comments on commit 6c8d859

Please sign in to comment.