π¨Delegation: The Key to Voting
SEAM tokens must first be delegated in order to activate voting power.
An Introduction to Delegation
Delegation is required for SEAM tokens to be utilized in proposals and voting. It allows a SEAM token holder to authorize an address (i.e. a delegate) to vote by granting that delegated address the voting power from the original SEAM tokens.
There are two types of delegation, and both require the same process: 1) self-delegation or 2) delegation to another address. For self-delegation, a SEAM token holder simply chooses to delegate to their own address. Once SEAM tokens are delegated, the voting power of all SEAM tokens present within the original delegating wallet will be given to the wallet receiving the delegation. If the SEAM quantities change in the original wallet, the delegated voting power would change accordingly.
Delegated addresses are able to participate in the Seamless Protocol governance processes, including the abilities to create proposals and to vote.
This mirrors the delegation structure seen in many project governance tokens like Compound Finance.
A few important things to note:
Delegation does not transfer token ownership, it only grants βVoting Powerβ to the delegated address.
SEAM tokens held within wallets that have not yet performed delegation do not have voting power and therefore cannot participate in Seamless Protocol governance (i.e. proposals and voting). Even for someone wishing to vote themselves, users must delegate to their own address.
Delegation may benefit users seeking governance participation without the continuous responsibility of direct involvement or technical expertise, much like voting to elect a local government representative who handles policy issues full-time.
How to delegate voting power
Within the Seamless Protocol app, users can navigate to the Governance Tab to delegate their SEAM and active voting power.
Once on the Governance Tab and with a wallet connected to the app, users will see the amount of SEAM in their wallet in the "Your Info" section on the left hand side of the app.
Users can then click Set Up Delegation to properly delegate their SEAM token voting power
In the modal pop up, users can enter a Recipient Address (EVM Wallet) and click Delegate and confirm the transaction in their wallet.
As noted above, users can either self-delegate to their own address or delegate voting power to another address. You can view a list of Seamless Community Representatives who are active in the governance community and interested in receiving voting power in the Seamless Governance Hub.
How to become a Delegate
All Base-compatible wallets are eligible to receive delegated voting power. To facilitate introductions among Seamless community members, the Seamless Governance Hub contains a thread named Seamless Community Representative within the βGeneralβ section. If youβre interested in sharing why youβd be a reliable delegate, simply reply within the thread using the template provided.
When a token holder decides to delegate their SEAM tokens to your address, you gain their voting power and represent them in Seamless Governance.
Crafting your Seamless Community Representative Pitch Before creating your reply, it is important to prepare these key items. Please craft your response including the following information:
A valid ETH Address OR ENS name:
Discord username:
Your reasons for wanting to be a delegate:
Your Web3 interests:
Airdrop/Incentive miner (tries many new protocols, seeking rewards)
Liquidity Provider (lending, providing liquidity to DEXs, etc)
HODLer (long term holder/investor, not actively trading)
Speculator (actively trading or exchanging assets)
Skeptic (looking for sustainable yield/high concentration of stables)
Voter/Governor (active DAO governance participator)
Dev/Engineer (technical contributor to project(s))
Other
Your qualifications/skills β Please share details of your involvement in web2 and web3 projects, etc.
Additional links:
GitHub:
Twitter:
Additional URL or blog:
Confirmation that you are:
Willing and able to participate in governance of the protocol if there is a DAO in the future.
Aware that this would be an ongoing role that requires active participation
Aware that being a delegate is an unpaid volunteer position
Aware that the work of a delegate is a significant commitment
Be sure to format your post clearly and answer all potential questions that members of the Seamless community might have. Do your best to follow the community-created templateβkeep in mind that you must include the wallet address that will receive the delegated Voting Power.
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