What Is the Role of ‘Liquid Democracy’ or ‘Delegated Voting’ in Combating Voter Apathy?
Liquid democracy allows token holders to delegate their voting power to a trusted expert or representative, removing the burden of researching and voting on every proposal. This allows holders to participate indirectly without active effort.
By making participation passive, it significantly increases the effective voter turnout and combats apathy, ensuring that a larger percentage of tokens are represented in governance.
Glossar
Liquid Democracy
Model ⎊ Liquid Democracy is a hybrid governance structure allowing token holders to either vote directly on proposals or dynamically delegate their voting power to a trusted representative for a specific vote or period, with the ability to revoke delegation instantly.
Voting
Governance ⎊ Voting within cryptocurrency, options trading, and financial derivatives represents a mechanism for stakeholders to exert influence over protocol parameters, listing decisions, or the direction of decentralized autonomous organizations (DAOs).
Voting Power
Measure ⎊ Voting Power is the quantifiable metric representing the degree of influence a specific participant holds over the outcome of a decentralized governance vote, usually derived from the quantity of staked or delegated tokens they control.
Voter Turnout
Metric ⎊ Voter Turnout is the key quantitative Metric in decentralized autonomous organization (DAO) governance, representing the proportion of eligible governance tokens that actively participate in a specific proposal vote.