Sushi has been through a lot lately - from hijacks and takeover attempts; it's had a tough time. Web3 is unique because it removes gatekeepers from the equation, distinguishing it from traditional web services. The more people who participate in the voting process for Sushi Protocol, the more effective it will be, enabling the protocol to remain neutral and adaptive, resistant to change but able to implement necessary upgrades.
We are excited to introduce the first three delegates whom you can delegate your xSushi:
Delegation is essentially how a token holder can transfer their on-chain governance rights to others. When you delegate your xSushi, you expand the number of people who have a say in how the protocol runs. It develops a higher-quality governing body over time when done effectively.
It's also a means for xSushi token holders to empower others to govern on their behalf without needing to be involved in day-to-day governance, and it's usually relatively easy to do. As such, it's an excellent way for those who are interested in helping out but not sure how to get started.
The effectiveness of a DAO is directly tied to how many people are involved in the voting process. Each delegate must be empowered to vote independently from the token holder in whatever way they see fit, to improve the quality and diversity of the delegation body.
Sushi protocol has always been a prime target for corporate hijacks and raids in the past, which is why we need to be proactive in delegating the responsibility of guarding it so that the protocol doesn't end up in the wrong hands. Everyone wants a piece of Sushi.
Who are the ideal delegates?
Delegates are ideally community members who have proven to be strong allies and advocates of Sushi's mission to build a decentralized future of finance. If you strongly align with our vision and want to help us make it a reality, we want you to be a delegate!
As a delegate, you are volunteering for active, ongoing participation in Sushi Protocol- this includes staying up-to-date on all the latest news and developments and participating in governance decisions.
How to delegate your xSushi?
The core component of a treasury system is a decision-making process/system that allows community members to reach some conclusions and decisions collectively. With thoughtful delegation, we can achieve a collaborative decision-making mechanism. For each snapshot, an xSushi holder can either vote directly or delegate their voting power to a knowledgeable expert achieving liquid democracy. Make sure you delegate today!