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Liquid democracy in the wild with Andrew Hall | a16z crypto research talks

Liquid democracy in the wild with Andrew Hall | a16z crypto research talks

Source: YouTube · a16z crypto · published Nov 1, 2024 · 46:39

Compliance & GRC
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Description

Liquid democracy allows voters to delegate their voting power to others, with applications in Web3, AI governance, and corporate finance 1:00.

Key Takeaways:
• Liquid democracy is used in major DAOs through systems like Governor Bravo, though typically without redelegation 6:36, 7:00.
• Similar delegation systems are implemented by asset managers like BlackRock for shareholder voting and considered for AI governance 7:30, 8:01.
• About 20% of governance tokens are delegated in Web3, with smaller holders delegating more frequently 24:41, 35:54.
• Delegates who vote more frequently tend to receive more delegations 34:02.

The effectiveness of liquid democracy depends on supporting infrastructure like delegate platforms that help voters make informed choices 21:55.

Sources:

  • 1:00 Introduction to liquid democracy concept
  • 2:39 Key characteristics of liquid democracy
  • 6:36 Implementation in DAOs
  • 7:00 Governor Bravo system limitations
  • 7:30 Application in corporate finance
  • 8:01 AI governance considerations
  • 21:55 Importance of delegate platforms
  • 24:41 Web3 tok

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First 800 characters of the transcript

well I'm excited to give the last and final talk of governance week I'm in the advantageous position of introducing myself so I will reserve the first 20 minutes to extol you with my background now I'm Andy Hall I'm uh I'm a professor in the at the Stanford GSB uh I've been uh studying decentral decentral governance for a while now I'm uh very privileged to get to work with the crypto research group here I'm going to present to you some joint work uh with my co-author and my pre-doctoral research fellow show Miyazaki who's at the GSP with me as the organizer of governance week I feel I made a very foolish decision to schedule myself last and Peter in particular is a tough act to follow and I'm not nearly as audite nor as my accent as cool as Peter but I'm going to do my best to entertain y…