Delegate voting is now live on the Aragon App, allowing token holders to delegate their voting power to another address to vote on their behalf. This new feature, known as delegate voting, is a form of liquid democracy that can improve decision-making within any token-based DAO.
Delegating your voting power to someone else can be a strategic choice for token holders who may not have the time or expertise to stay informed on all governance decisions within the organization. By delegating to someone with specific expertise, token holders can ensure that their votes are cast by individuals who can make informed decisions on their behalf.
One of the key benefits of delegate voting is the ability for token holders to reclaim their voting power at any time. This feature allows token holders to stay engaged in the governance process and hold delegates accountable for their voting decisions. Additionally, delegate voting can enhance DAO security by increasing token participation and making it harder for any individual or group to pass proposals unilaterally.
Another advantage of delegate voting is the potential for cost savings on gas fees. By consolidating votes through delegation, DAO members can save on gas fees that would have been incurred if each member had cast their own vote. This cost-saving measure can make governance more efficient and accessible for all token holders.
Delegating your current and future voting power to another address is simple and can be done through the Governance page on the Aragon App. Token holders can also delegate the ability to create proposals and can claim their voting power at any time. Delegation is permissionless, meaning there is no formal process to become a delegate—simply share your address with other DAO members to express your interest in receiving delegation.
In the future, delegate profiles will be introduced to provide more detailed information about potential delegates. This feature will help token holders make more informed decisions when choosing who to delegate their voting power to.
Overall, delegate voting on the Aragon App offers token holders a flexible and efficient way to participate in governance decisions within their DAO. Whether opting for representative or direct democracy, delegate voting empowers token holders to have a voice in the decision-making process.
