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Définition vote weightgovernance power

Voting Power

How much influence an address has in a governance vote, usually determined by tokens held or tokens delegated to it.

Voting power is normally measured at a snapshot block chosen when a proposal goes live, which prevents tokens from being borrowed during the vote itself, though tokens can still be borrowed before the snapshot. Designs differ: one token one vote is the baseline, vote-escrow systems grant more weight for longer lock commitments, and some experiments weight votes non-linearly to reduce the advantage of large balances. Delegated tokens count toward the delegate rather than the owner, so the distribution of voting power is not the same as the distribution of balances. Analysts measure concentration as the share of voting power held by the largest addresses and by the largest delegates.

En pratique

Flash-loan attacks on early governance systems, where an attacker borrowed tokens for a single transaction, are why proposals now use snapshots and timelocks.

Le malentendu courant

Voting power is not the same as tokens held: it includes delegated balances and, in vote-escrow systems, depends on lock duration rather than balance alone.

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Termes associés

Address Clustering Grouping blockchain addresses that appear to be controlled by the same person or company so…
Delegation Assigning your voting power or your stake to someone who acts on your behalf, while you keep…
Governance Token A token that lets holders vote on changes to a protocol, such as parameters, budgets, and upgrades.
Quorum The minimum amount of voting power that must take part for a governance vote to count as valid.
Treasury (Protocol) The pool of assets a protocol or its governing organization controls, used to fund development,…
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