π³οΈ How To Vote
Last updated
Last updated
Policy ID: 533bb94a8850ee3ccbe483106489399112b74c905342cb1792a797a0
Asset Fingerpint: asset1u8caujpkc0km4vlwxnd8f954lxphrc8l55ef3j
See the Indigo , that was ratified by the community in our Governance Forum.
In order to vote, you first need to have some INDY. Those INDY will then need to be staked in the protocol. Your voting power is set to the total amount of INDY staked at the time of voting, for example if you had staked 10 INDY and then voted on a proposal, those 10 INDY will correspond as your voting power.
After voting on a proposal, your staked INDY are locked until that proposal's Voting Period has concluded.
Let's go over a few scenarios.
Scenario 1
Violet stakes 10 INDY.
Violet votes on Proposal A, which ends on January 2, 2022 at 10:00 pm UTC.
Violet's 10 INDY are locked until the Proposal A ends.
Violet votes on another, say Proposal B, which ends on January 4, 2022 at 10:00 pm UTC.
Violet's 10 INDY are locked until Proposal B ends.
Scenario 2
Violet stakes 10 INDY.
Violet votes on Proposal A, which ends on January 2, 2022 at 10:00 pm UTC.
Violet's 10 INDY are locked until the Proposal A ends.
Violet's stakes 20 INDY. Violet can unstake her 20 INDY at anytime.
Violet votes on another, say Proposal B, which ends on January 4, 2022 at 10:00 pm UTC.
Violet's 30 INDY are locked until Proposal B ends.
Votes cannot be changed. We may offer this option in a future release of the protocol.
DAO members that wish to submit on-chain proposals will need to deposit 100 INDY. This deposit will be returned to the proposal owner if the proposal successfully passes; if not, the deposit will be sent to the DAO Treasury.