How Is the Concept of 'Vote Buying' Addressed in Decentralized Governance Models? ⎊ Path

How Is the Concept of ‘Vote Buying’ Addressed in Decentralized Governance Models?

Vote buying, where a third party pays token holders to vote a certain way, is a persistent challenge. While difficult to eliminate entirely, models are being developed to make it less effective.

One approach is 'secret voting' or 'commit-reveal' schemes, which make it harder for the buyer to verify the voter's action. Another strategy involves 'non-transferable' governance tokens or 'soulbound tokens' that are permanently linked to a wallet.

Furthermore, a strong community culture and clear anti-corruption rules, enforced by the DAO, act as deterrents.

What Is ‘Smart Contract Risk’ and How Is It Addressed?

What Is ‘Token-Weighted Voting’?

What Is the Technical Difference between a ‘Snapshot’ and On-Chain Voting?

What Is a “Secret-Sharing” Scheme and How Could It Be Used in a Multi-Algorithm Context?

What Is the Role of ‘Governance Tokens’ in the Evolution and Parameter Setting of an AMM Protocol?

How Does a Tokenized Security Handle Voting Rights When the Underlying Asset Has Governance Features?

What Is the Role of a ‘Governance Forum’ in a DAO’s Decision-Making Process?

What Is a Common Method for Sybil Resistance besides Quadratic Voting in DAOs?

Glossar

Vote

Decision ⎊ Vote in a blockchain governance context refers to the signed expression of preference by a stakeholder regarding a proposed protocol change or parameter adjustment, such as modifying options trading fees or collateral ratios.