QV-net: Decentralized Self-Tallying Quadratic Voting with Maximal Ballot Secrecy

Decentralized e-voting enables secure and transparent elections without relying on trusted authorities, with blockchain emerging as a popular platform. It has compelling applications in Decentralized Autonomous Organizations (DAOs), where governance relies on voting with blockchain-issued tokens. Quadratic voting (QV), a mechanism that mitigates the dominance of large token holders, has been adopted by many DAO elections to enhance fairness. However, current QV systems deployed in practice publish voters' choices in plaintext with digital signatures. The open nature of all ballots comprises voter privacy, potentially affecting voters' honest participation. Prior research proposes using cryptographic techniques to encrypt QV ballots, but they work in a centralized setting, relying on a trusted group of tallying authorities to administrate an election. However, in DAO voting, there is no trusted third party.