A recent study by Andrew Hall, a researcher from Stanford University, has shed light on the growing trend of "liquid democracy" in blockchain startups. Liquid democracy combines elements of direct and representative democracy, allowing individuals to delegate their voting power to others. The study found that approximately 17% of tokens are typically delegated to representatives, with smaller token-holders being more likely to do so. The research also highlighted the importance of user-friendly interfaces in facilitating participation, as DAOs (Decentralized Autonomous Organizations) with simplified delegation processes saw increased delegation rates and overall voting participation.

Source: https://Blockchain.News/news/exploring-liquid-democracy-in-blockchain-startups-insights