Governance
How do I take part in governance?
By simply holding $GENS, even if staked in the governance pool. Voting sway and power are derived from the $GENS holdings of the participant. The reasoning behind this is that those holding more $GENS are more invested in the project. Therefore, they have a more significant incentive to succeed and prosper.
$GENS holders can see proposals and vote.
Voting
Voting requires holding of $GENS, which can simply be stored in a wallet or staked in the governance pool. There is no need to remove the stake to vote. Voting power is based directly on the amount of $GENS each voter holds.
Creating a proposal
Proposals can be created by anyone.
Each proposal comprises a question posed to the community, along with the option of choices to vote for. Set a start and end date for your proposal and publish it.
Last modified 1yr ago