# 7 - SHx Voting Power Delegation | Event | Date | Notes | | ----------------- | ---------------------- | ----------------------------------------- | | Snapshot Time | Sep 07, 2025 20:00 GMT | Stellar Ledger Sequence: 58,824,812 | | Vote Start | Sep 08, 2025 20:00 GMT | First included Stellar ledger: 58,839,906 | | Vote End | Sep 12 2025 20:00 GMT | Last included Stellar ledger: 58,900,084 | | Results Published | Sept 30 2025 20:00 GMT | | | Implementation | | | ## Description Delegation would allow token holders to designate another address to vote on their behalf in governance proposals without transferring the underlying SHx tokens. If implemented, delegation would be voluntary and revocable by the token holder. The delegator would retain full ownership and control of their SHx tokens, including the ability to transfer, stake, or use them in other protocol functions. Only the voting power associated with the tokens would be assigned to the delegate address. Delegation to an address, or revocation, will be able to be performed at most once every 14 days. ## Background Currently, SHx holders must directly participate in governance votes to have their voice heard in protocol decisions. This creates several challenges for the ecosystem: * **Participation barriers:** Many SHx holders may lack the time, technical knowledge, or interest to actively research and vote on every proposal, leading to lower overall governance participation rates. * **Institutional limitations:** Some institutional holders, custodians, or multi-sig wallets face operational constraints that make direct voting difficult or impossible, effectively disenfranchising these stakeholders despite their significant protocol alignment. * **Expertise distribution:** Certain proposals require specialized knowledge. Token holders may prefer to delegate their voting power to subject matter experts for specific types of proposals while retaining the ability to vote directly on others. Delegation systems have been successfully implemented across numerous DeFi protocols, including Compound, Aave, and Uniswap, where they have demonstrably increased governance participation rates and improved decision-making quality. These systems typically allow both self-delegation (explicitly activating one's own voting power) and delegation to third parties. The proposed delegation mechanism would operate on-chain through the Stellar network, ensuring transparency and auditability of all delegations. Delegates would not have access to the underlying tokens, only the voting power, maintaining security for token holders. ## Voting Notes This vote contains a single question asking whether the SHx protocol should implement a delegation system for voting power. The delegation feature, if approved, would be optional. Token holders who do not actively delegate would retain their direct voting power as they do currently. A "FOR" vote indicates support for implementing voting power delegation in the SHx protocol. An "AGAINST" vote indicates that voting should remain limited to direct participation only. An "ABSTAIN" vote indicates no preference on this matter. As a Governance Rules amendment, this proposal requires a two-thirds (2/3) super-majority and a quorum of 25% of the active circulating supply to pass. If necessary, Stronghold will vote in alignment with the simple majority's preference to help implement the community's desired outcome. ### Results A total of 34,946,244 voting power participated in the proposal vote. #### Question *Should SHx voting power be shareable through delegation?* | Response | Position | Votes | | -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | | FOR | The proposal to enable SHx voting power to be shareable through delegation should be adopted, allowing holders to assign their governance influence to other participants. | 26,626,409 | | AGAINST | The proposal to enable SHx voting power to be shareable through delegation should not be adopted, and voting power should remain non-transferable and limited to the original holder. | 4,858,762 | | ABSTAIN | Abstain from voting for this proposal. | 3,461,073 | {% hint style="success" %} Outcome: FOR. ​The proposal to enable SHx voting power to be shareable through delegation should be adopted, allowing holders to assign their governance influence to other participants. {% endhint %} --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. 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