Voting rights
There are often the below rights associated with each DAO token:
The proposing rights gives access to creating and sustaining a proposal.
The voting rights is used to vote for or against existing proposals.
DAO token holders receive governance powers proportionally to their sum of owned and delegated tokens at a given block.
DAO token holders can vote through the protocol's governance dashboard. In order to participate in the on-chain governance, users need to own or be delegated DAO tokens. They also need to cover the transaction costs when any action is performance on chain such as transaction fees.
Caveats:
Once a vote is cast on-chain, it is not possible to change the vote.
When an improvement proposal is submitted on-chain, a snapshot is taken of current token holders which defines their right to vote based on the amount of DAO tokens held by them.
Good to know: At any moment of time, if the users have enough tokens or have been delegated enough tokens and there is an active proposal, they are eligible to cast their vote on the protocols Improvement proposal.
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