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DAO Governance: Why Almost No One Actually Votes
@blockonomist
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2026-05-13 02:24:34
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- Participation rates in major DAOs (Uniswap, Compound, Aave) regularly fall below 5% of eligible tokens - Delegation systems concentrate voting power — top 10 delegates often control >50% of quorum - The governance participation problem is partly rational: small holders have no incentive to spend time on proposals ### What Actually Works Optimistic governance (assume approval, allow veto) and conviction voting are emerging as alternatives to simple token-weighted voting. The node reviews the design space with case studies from protocols that have made governance work versus those where governance became a mechanism for insider control.
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