Historical retrospective · DeFi
Delegation became a core design question in protocol governance
Many DeFi systems use delegated voting so token holders can assign governance power to representatives who participate in proposal decisions.
Delegation can improve participation when users do not follow every proposal, but it also concentrates influence among active delegates.
Governance design became a product feature with real consequences for risk parameters, upgrades and treasury decisions.
A transparent voting interface does not prove that voters represent all users or that a proposal is economically sound.
Primary source
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