Piku
  • ๐Ÿ‘‹Introduction
  • โš™๏ธOverview
  • Piku
    • ๐Ÿ”ตUSP
    • ๐Ÿ”ƒReserve Backing
    • ๐Ÿ’ Yield Management
    • ๐Ÿ†•Minting and Redemption
      • โ˜•Redemption Que
    • ๐Ÿ”ทSecurity and Risks
  • Piku Platform
    • ๐ŸŒKYC/KYB Verifications
    • ๐ŸŽ›๏ธPlatform Fees
  • PikuDAO
    • โš–๏ธGovernance
      • ๐ŸŸ sPIKU
      • ๐Ÿ›Ž๏ธVoting
      • ๐Ÿ™‹Delegation
      • ๐Ÿ”Security
    • ๐ŸŸกPIKU
    • ๐Ÿ•Incentives
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On this page
  • Why delegate?
  • What is Self-Delegate?
  • How to Self-Delegate?
  • Who to delegate to?
  • How to delegate your Voting Power?
  • How to become a delegate?
  1. PikuDAO
  2. Governance

Delegation

Members can delegate their voting powers, sPIKU, to another member of their choice. To do so, members need to delegate their sPIKU's to their chosen delegateโ€™s wallet address on-chain. Delegateโ€™s voting power will be increased by the equal amount of sPIKU delegated.

Why delegate?

Some DAO members might not have the capacity to actively participate in the governance process. These members can delegate their voting power to other members who are able to actively participate, and create DAO Champions.

What is Self-Delegate?

Members who wish to vote themselves must first self-delegate thie sPIKU tokens.

How to Self-Delegate?

1) Go to app.piku.co/delegation

2) Connect wallet (if not connected already).

3) Navigate to Balances and enter the delegation amount that you would like to self-delegate.

4) Click the Self-Delegate button and approve the transaction in your wallet.

Who to delegate to?

PikuDAO and the team will actively expand its community and collective knowledge by onboarding industry experts, economists, opinion leaders who will help shape the future of USP. The verified delegates will be able to display their names and profiles on the Piku Platform's delegation page. Members who consider delegating their voting power should review the delegate profiles either through community channels or candidates' public profiles.

How to delegate your Voting Power?

1) Go to app.piku.co/delegation

2) Connect wallet (if not connected already).

3) Choose preferred delegate from the list or type wallet address of the delegate.

4) Confirm and Approve transaction on wallet.

How to become a delegate?

Last updated 20 days ago

To become a delegate, you can apply by sending an email to The applicants will be manually reviewed by the core team and contacted for an interview. If accepted, the applicant's name and wallet address will be listed on the public Piku delegation page for other DAO members to delegate their voting power. The application process will be replaced by a more decentralized approach.

โš–๏ธ
๐Ÿ™‹
info@piku.co.