Token Delegates Specification

Latest deployments:

Network	Deployment
-	-

Organisational Structure & Context

Vision & Mission

Token Delegates DAO uses a token-weighted governance system where Delegates are elected based on the backing they receive from token holders. It demonstrates how ERC20 tokens can be integrated into the Powers protocol to determine leadership roles.

Assets

The DAO controls the following assets:

It does not have a treasury, but can manage external assets through governance actions.
It utilizes a voting token (SimpleErc20Votes) for determining delegate support.

Actions

The DAO can take the following actions:

Voters can nominate themselves for leadership.
The Public (anyone) can trigger the election process which updates the Delegate set based on token delegation.
Delegates have the power to revoke roles.
Admin can assign roles to any account.

Roles

Role Id	Role name	Selection criteria
0	Admin	Assigned at deployment.
1	Voters	Assigned by Admin.
2	Delegates	Elected by Token Delegation.
…	Public	Everyone.

Electoral Mandates

Nomination

Voters can nominate themselves for the Delegate role. Only those who nominate themselves can be elected.

Role	Name & Description	Base contract	User Input	Executable Output	Conditions
Voters	Nominate for Delegates	Nominate.sol	None	Nomination logged	None.

Elect Delegates

This mandate processes the election results. It checks the token delegation for all nominees and assigns the Delegate role to the top candidates.

Role	Name & Description	Base contract	User Input	Executable Output	Conditions
Public	Elect Delegates	DelegateTokenSelect.sol	None	Updates Delegate roles based on token weight	Throttled (once every ~10 minutes). Top 3 nominees elected.

Reform Mandates

Role Management

The Admin has the power to assign roles. As a check on this power, Delegates can revoke roles that have been assigned.

Role	Name & Description	Base contract	User Input	Executable Output	Conditions
Admin	Admin assign role	BespokeAction_Simple.sol	"uint256 roleId, address account"	Assigns role	None.
Delegates	Delegate revoke role	BespokeAction_Simple.sol	"uint256 roleId, address account"	Revokes role	Requires "Admin assign role" to be fulfilled.

Description of Governance

Remit: To select Delegates based on token stakeholder support.
Roles: Delegates are determined by token weight.
Executive Paths:
- Election Cycle: Nominate -> Token Holders Delegate -> Trigger Election Update.