The BEN Meta-Delegate is an initiative to enable students from any and all universities to participate in decentralized governance. During our meta-delegate meetings, students from around the globe come together to present, discuss, and debate new and existing proposals for various blockchain projects. Afterwards, students from every university in our network get to vote on the proposal, and the BEN meta-delegate casts its official vote in the direction of the majority. This way, BEN can bring representation and engagement from smaller universities who may not have the time, experience, or resources to operate their own delegates.
To join the BEN Meta-Delegate and start discussing/voting on proposals, first let’s go over some relevant concepts.
DAOs have gradually permeated into mainstream consciousness, offering a sneak peak at what could potentially be the future of entity formation. Yet, the idea of a decentralized autonomous organization remains obscure for most. So what exactly is a DAO?
By general definition, a Decentralized Autonomous Organization (DAO) is a leaderless entity that is operated and managed by a set of rules encoded on smart contracts. Unlike traditional organizations, where decisions are made from the top-down, DAOs have literally flipped this concept on its head where any, all, or most decisions are made by the community, usually token holders of a particular project, which are then voted upon and executed on the blockchain.
As eloquently stated by A16z’s Jeff Amico, “delegation refers to the process where a token holder transfers their on-chain governance rights to others.” He further extends this definition mentioning, “...delegation is a way to expand the set of participants who have a meaningful say in the governance process.” This said, once token holders have transferred their on-chain governance rights to a particular individual or entity, the recipient is recognized as a delegate. This delegate is entrusted with the responsibility to vote on behalf of the token holders on any & all active governance proposals.
Here are some popular governance portals used in DeFi governance:
Since the deployment of the Uniswap Meta-Delegate, we’ve been able to scale our governance efforts to Aave, Compound, Gitcoin, and Ampleforth! As we continue to grow, our vision remains the same: to decentralize and democratize DeFi governance power into the hands of the young people across the world.
BEN Meta-Delegate Process
Getting involved in governance has never been easier! In order to participate in BEN’s Meta-Delegate, you must:
To join the BEN Meta-Delegate, fill out the form here to get access to the group chat!
See this article on BEN Learn!
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