Internet Computer has a clever mechanism for incentivizing delegation:
- you get % yield for every vote you participate in
- you can delegate to someone else to vote on your behalf (so you still get yield)
I think this has resulted in about 50% of their tokens being delegated
There are more nuances to their mechanism, one key idea is that in order to vote you have to stake your tokens for a certain amount of time. The longer they’re scheduled to be locked up, and the longer they remain locked the more influence each of your votes gets — and the more influence the larger the rewards.
Anyway, it’s an interesting system, comes with its own issues due to the fact that it’s highly inflationary, I haven’t read that post yet but they claim to have ways of achieving monetary soundness