How does voting right work?
Last updated
Last updated
To vote on the Sirius Finance, users need to vote lock their SRS and gain veSRS. By doing so, participants can earn a boost(up to x3) on their provided liquidity rewards and vote on pools related proposals including: Pool parameters: pool weight, amplification coefficient, etc. Adding or removing metapools; Total trading fee percentage; Preferred right for airdrop tokens; …
And users who reach a certain voting power can also create new proposals. There is no minimum voting power required to vote. Users can lock their SRS for a minimum of a week and a maximum of three years.