Event Horizon

Vote multiple through Implicit Delegation

Imagine 10 people contribute 1 token each to a pool. Now also imagine that all 10 tokens will vote on a governance proposal no matter what. That means if only one person votes on that proposal, that one person mobilizes all 10 tokens resulting in a 10x vote multiple. If the participation rate is 0.1%, that's a 100x, if, like in the case of many DAOs, the token participation rate is 0.01%, that's a 1000x vote multiple. A more detailed explanation of Implicit Delegation can be found on our blog.
What this has now done is, not only empower retail governance nerds to vote, but it also creates a voter block. And voter blocks can be monetized.