➡️DAO Voting

Voting Mechanism

Taking RWA Finance as an example, you can participate in voting with veRWAS by locking RWAS, which is divided into the following steps:

• Initiate a proposal: Holding veRWAS up to 50,000 to be eligible;

• Queue: proposals are entered into the voting pool in order;

• Voting decision: vote for the proposal (1 veRWAS = 1 vote; based on the veRWAS snapshot data at the time of proposal creation);

• Onchain execution: the passed proposal is formalized and executed onchain.

Understanding DAO Voting Rules on governing proposals:

1. to create a proposal you must hold 50,000 veRWAS or more to be eligible.

2. the number of proposals created is limited (3 per day, 15 per month, can be upgraded to 20 per day, 100 per month after verification, current account is not verified)

3. When creating a proposal, a snapshot of the whole chain of veRWAS will be taken, and the user's right to vote on the proposal will be determined by the data in the snapshot, and the veRWAS that are added or reduced after that will not be affected.

4. there is no limit to the number of voting rights to vote for the proposal, greater than 0 is enough

Regarding two kinds of voting:

1. ownership votes：which control most of the functionality within the protocol. These votes require a 30% quorum and 51% support.

2. parameter votes：which allow you to modify the parameters of the pool. These votes require a 15% quorum and 30% support.