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. User Guidance

Join the governance and vote

Gain veSRS and join the governance

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Last updated 3 years ago

Sirius Finance offers lock periods from 1 week to 3 years and 1 SRS with a 3-year lock period equals 1 veSRS which will keep declining as the unlock date approaches.

A 30%-50% penalty is charged if users decide to unlock the SRS in advance which will either be burned or added to the Treasury which will be mainly decided by future governance.

How to vote for my best benefits?

To put it simply: if you are a BAI hoarder for whatever reason, surely you will want the 4BAI farm to have the highest APR so that you can make the best out of your BAI by depositing to BAI metapool and staking the 4BAI LP on the 4BAI farm to earn more rewards.

What is voting power?

Voting power is the authority you have to make or partake in decision making and in Sirius finance, your voting power represents the veSRS you currently have. The more veSRS, the bigger your voting power. Both decline as the unlock date approaches.

How to gain voting power?

1）Enter the SRS amount and choose the lock period to get veSRS:

*1 SRS with a 3-year lock period = 1 veSRS

2）Click on “Preview lock” and confirm the transaction:

*Unlocking SRS before the unlock date will result in a 30% penalty being charged.

veSRS will decline as the unlock date approaches, so will the voting power. As to maintain its voting power, users have to keep locking more SRS or add lock period.

*The longest or maximum locking period is up to 3 years.

As a veSRS holder, you can now share a part of 50% of the swap fees proportional to your share of the Pool.

Now, understand how does the vote works for your best benefits!

Summary

Owning veSRS is key if you really want to decide or play a part in the success of Sirius finance. It gives you the power to decide the direction of the project and also rewards you. veSRS holders get 50% of fees that goes to the Admin and this serves as a reward for participating in decision-making.

Your vote is your power and it counts, it’s time to lock up some SRS to get veSRS to make your voice heard and to get rewarded for doing that.

You can gain voting power by locking up SRS to gain veSRS via:

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