What Is the Economic Rationale for Increasing the Cost of Additional Votes?

The rationale is to flatten the power curve and encourage broader participation, which is a key goal of decentralized governance. By making the marginal cost of voting higher for those who already have significant power, the system effectively subsidizes the influence of smaller holders.

This reduces the economic incentive for large holders to dominate all decisions and forces them to internalize the true cost of their influence, leading to more equitable outcomes.