❔What actually motivates DAO delegates?

One of the major differences between DAOs and other types of crypto projects where people can buy shares in the form of tokens is that DAO tokens give holders voting power in the DAO, which, of course, is why they’re called governance tokens. But are they actually being used for voting?

🔺Apparently, the current answer is a lot closer to No than to Yes. Unique voter turnout hovers around 7-20% of all tokens held, often dipping much lower.

Could delegating tokens to those who want to actively vote help? Unfortunately, delegation is coming up with the same shortfalls as voting in general. Around 55% of delegates across DAOs have never cast a vote.

Clearly, delegates are not currently motivated to vote. So what could motivate delegates to actively — and meaningfully — use the voting power delegated to them?

✔️We discuss delegate motivation in detail and ask some hard questions in the full article 👉 here