How Does a ‘Delegated Voting’ System Work in a DAO?
A delegated voting system allows a governance token holder to assign their voting power to another address, known as a 'delegate,' without transferring ownership of their tokens. This is designed to combat voter apathy by allowing passive token holders to empower knowledgeable, active community members or experts to vote on their behalf.
The delegate then votes on proposals using the combined power of their own tokens and the tokens delegated to them, increasing overall participation and informed decision-making.