π€Problems with Traditional DAO Voting
Traditional DAO voting systems are built on transparency, but this comes at a cost:
1. Lack of Privacy
All votes are public and traceable on-chain.
Voters can be pressured, bribed, or retaliated against based on their choices.
2. Vote Buying & Coercion
Public votes make it easy for malicious actors to buy votes or coerce participants.
Undermines the integrity of the governance process.
3. Social Pressure
Voters may not vote honestly if they fear social or reputational consequences.
4. Reduced Participation
Privacy concerns can discourage users from participating in governance.
Confidential DAO addresses these issues by making votes private by default.