Panel 6.4. Advancing Governance in Web3 Public Goods

“In this panel, we explore liquid democracy as an innovative governance model for public goods in the Web3 ecosystem. Liquid democracy uniquely merges direct and representative voting, enabling participants to vote on issues directly or delegate their votes to trusted proxies. This flexibility allows for more nuanced and responsive governance, tailored to the diverse needs and expertise within web3 communities.

One of the case studies I’d like to highlight is Neural Quorum Governance (NQG) and it’s implementation in the Stellar Community Fund, illustrating the practical application of liquid democracy. Developed by BlockScience and the Stellar Development Foundation, NQG provides a more democratic system to allocate funding for public goods in web3 than typical systems, such as plutocratic or quadratic voting.”