Voting

Once you’ve been delegated tokens, you’ll see the option to vote on active proposals. Note that you’ll only be able to vote on proposals that were created after you were delegated tokens. When a proposal is created, a snapshot is taken of the current state of voting tokens, which dictates who can participate.

Your options when voting are “yes”, “no”, and “abstain”. A “yes” vote means that you wish for the proposal to pass, a “no” vote means that you disagree with the proposal and don’t want it to pass, and finally an “abstain” vote suggests that you don’t have an opinion on the proposal, but you’re willing to put your voting weight towards meeting quorum on the proposal.

A proposal can only pass if enough “yes” and “abstain” votes are recorded to reach quorum.

When the voting period has elapsed, assuming quorum is reached, then the proposal is marked as passed if the “yes” votes exceed the “no” votes, otherwise the proposal fails.