Delegate Marketplace
Compensator was a delegate marketplace to enhance Compound DAO governance. It aimed to provide a secure and transparent environment for allocating votes and receiving compensation.
The Challenge
Effective governance in decentralized (and traditional) systems faces low turnout, lack of incentivization, and complexity related to decision-making processes (such as alignment). These issues undermine the efficacy and legitimacy of governance outcomes.
The Solution
Compensator solves these challenges with a marketplace where COMP holders trade votes for compensation, incentivizing participation and improving governance outcomes. Rewarding engagement boosts turnout while ensuring decisions align with tokenholder interests. This creates a more active, efficient, and legitimate governance system.
Key Features
- Marketplace: Explore active delegates and delegate votes.
- Compensation: Earn compensation in COMP for delegating votes.
- Analytics: Insights into vote patterns, compensation trends, etc.
How It Works
- Participation: Browse, select, and allocate votes to delegates.
- Execution: Withdraw COMP rewards once voting has ended.
- Outcome: Review the impact of your participation.
Conclusion
Compensator provided a path for COMP holders to be directly incentivized in contributing their vote power, thereby enhancing the participation and legitimacy of governance outcomes.