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          • II.I.VI Removing a Permissioned Actor
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          • III.II.I Epochs
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            • III.II.II.III ZERO Threshold Proposals
            • III.II.II.IV Proposal Matrix
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          • III.II.V Inflation Mechanics
          • III.II.VI Dutch Auction
          • III.II.VII Delegation
          • III.II.VIII ZERO Claiming of Residual Value
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      • Adopted Guidance v1.30
        • 1. Description of the Adopted Guidance
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        • 2. Ecosystem Description
          • 2.1. Actors
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            • 2.4.1. Update Collateral Process
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              • 4.3.2.1. Amicable Wind Down Process
              • 4.3.2.2. Non-Amicable Wind Down Process
              • 4.3.2.3. Minter Insolvency
              • 4.3.2.4. Unauthorized Termination of Minter – SPV Operator Agreement
            • 4.3.3. Operational Obligations of SPV Operators
              • 4.3.3.1. Co-signature of the SPV for significant payments
              • 4.3.3.2. Cooperation with Validators
              • 4.3.3.3. Maintenance of Administrative Buffer
              • 4.3.3.4. No Wire Back Instructions
          • 4.4. Guidelines for Submission of Approval Requests
        • 5. Validators
          • 5.1. Contact Information of Currently Permissioned Validators
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          • 5.3. Obligations of Validators
          • 5.4. Guidelines for Submission of Permissioning Requests
        • 6. BD Minters and Minters
          • 6.1. Contact Information of Currently Permissioned Minters
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        • Adopted Guidance PDF Version
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        • Adopted Guidance PDF Version
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              • propose(targets[], values[], callDatas[], description): proposalId
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Copyright 2025 M0 Foundation

On this page
  1. Core Documentation
  2. Whitepaper
  3. III. Governance
  4. III.II Operation

III.II.VII Delegation

Delegation of voting power for TTG.

Both POWER and ZERO owners may delegate their voting power to an arbitrary Ethereum address during the Transfer Epoch. Delegated POWER will retain its inflation in the owner address, while ZERO rewards will be claimable by the delegate address.

Owning ZERO does not earn the owner or the owner’s delegate inflation or rewards aside from $M generated by the protocol fees, and thus delegation does not have any impact on the owner outside of transferring voting power. ZERO does earn fees from Proposal Fees on failed Standard Proposals, the payments from POWER token auctions and a portion of Minter Rate and Penalty Rate charges to Minters.

Delegation snapshots are taken at the beginning of the epoch and close at the end of the epoch, and the values in the snapshots are subject to change until the epoch closes. Both POWER and ZERO follow the ERC20 standard and holders must call the Delegate method and provide the address they wish to delegate to. For holders that do not actively Delegate, the default delegation is set to the address which owns the tokens. Users do not need to alter their delegation in each epoch unless they wish to change delegates.

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Last updated 5 months ago