Governance Tokens
What is a governance token
Questions
Which governance token design — one-token-one-vote, conviction voting, or futarchy — produces the best decisions for a protocol with 10,000+ token holders?
- At what governance participation rate does on-chain voting become a reliable signal of community will versus plutocratic capture?
- How does delegation change the quality of governance decisions — and what incentive structures encourage informed delegation rather than apathy?
- Which governance failure mode — voter apathy, whale dominance, or short-term thinking — is most common in mature DeFi protocols today?