⚖️Voting Power
Resources to understand veToken and veTAILS voting power.
Last updated
Resources to understand veToken and veTAILS voting power.
Last updated
Voting power for Treasury Proposals and Daımon Proposals is calculated based on the amount of tTokens a holder has staked in the individual tToken staking pools.
When a user locks their tokens, they will receive vote-escrowed non-standard, non-fungible tokens (NFTs). Vote-escrowed tokens (vetTokens) cannot be transferred and grant voting and revenue-sharing power to users who employ a time multiplier on the amount of tTokens or TAILS originally locked.
Voting power does not include unclaimed rewards yet to be harvested and the multipliers are dependent on the length of time locked as follows:
To make the voting procedure fair and to secure the Daımon protocol and onboarded Treasuries from governance attacks, both the Treasury and the Daımon governance systems employ a system of quadratic voting. By square rooting the number of additional votes cast, the marginal cost of each additional vote is far higher than the previous one. This enables voters to not only express their preferences but also the intensity of the said premises.
The additional cost to the voter is given by the following formula, where C is the cost to the voter X and N is the total number of votes cast:
