Sirius Finance
  • Welcome to Sirius Finance
  • Get started
    • What is stablecoin AMM?
    • Why Sirius Finance?
    • Why on Astar Network?
    • Sirius Finance pools and algorithm
    • How to gain SRS&veSRS?
    • How does voting right work?
    • Roadmap
  • FAQ
    • Why my $ORU unlock date keep extending?
    • How does the voting mechanism work?
    • Why did my transaction fail?
    • How does unstable crypto pool work?
  • User Guidance
    • Add Astar Network to yourMetamask
    • Add assets to your Metamask
    • Create a Polkadot.js wallet
    • Transfer assets to Astar Network
    • Swap to have the best combo of assets
    • Gain 4SRS LP tokens
    • Earn SRS
    • Join the governance and vote
    • How to withdraw your assets
    • Why is veSRS worth earning
  • Risks
    • Risks of using Sirius Finance
    • Permanent loss of a peg
    • Audits
  • Join Sirius Community
    • OG enrollment program
    • Kickoff rewards program
    • Early adopter program
  • Development
    • Smart Contracts
      • Swap
      • Pool
      • Farming
    • Frontend
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  1. FAQ

How does the voting mechanism work?

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Last updated 3 years ago

On the vote page:

Your votes affect the allocations of SRS between farms, you can vote for any farm but you can only vote for one specific farm ONCE in a 10-day voting period(starting from your voting time on that specific farm), so please consider carefully before casting your votes.

Example A:

You vote on farm A on the 11th, whether you want to revoke (set it to 0 voting power) or change the proportion of your voting power, you will only be able to do it after the 21st.

*Revoke is also considered as a voting behaviour which means you'll have to wait another 10 days to do the voting again. So if you don't want that farm have 0 of your voting power, please choose to change the proportion instead.

After you cast your votes on farms, your voting power will be added to that farm proportionally and automatically as you gain more veSRS.

Example B:

If you cast 50% of your initial voting power to farm A, another 50% of your initial voting power to farm B; your later increased voting power will be distributed to farm A and farm B 50% / 50% automatically;

Example C:

If you cast 30% of your initial voting power to farm A, another 30% of initial voting power to farm B, at this moment, you still have 40% of your initial power left; With your later increased voting power, 30% will be distributed to farm A automatically, another 30% will be distributed to farm B automatically. You can still vote on other farms(C, D, etc) with 40% of your later increased voting power plus 40% of your initial voting power.

if you are confused, please ask the official admins for help.

https://app.sirius.finance/#/vote