Only 1,812 Unique Voters as of writing this have voted in the sanctum cloud governance.
The cloud-3 vote that passed to reward CLOUD for liquidity on Kamino, only gives to those who hold INF, they probably already vote in governance.
To increase participation in governance, I propose to allocate, if possible, some CLOUD token to top holders of LSTs, maybe to those above 1000 holders.
The distribution should be either airdropped gradually or all at once, depending on how much sol-LST they have.
In the short term it might generate more sell pressure on the Cloud token if people are not interested, but if they do join they could increase the price by having to buy CLOUD when voting and wanting a higher ASR score.
Now, if there are more participants in governance, the ASR rewards will be reduced but if the price does not increase, it will not matter.
If it’s a success we could vote on a similar proposal down the line, maybe every 3 or 6 months to get more participants.
I see it as a way to tie the biggest LST holders to the governance of the CLOUD token.