You can now vote in Bancor governance at no cost via our new Snapshot-based voting portal17 new proposals are now live for 3 days of voting, including 14 proposals for new token white-listingsUsers who do not have their vBNT currently staked in the governance contract must stake their vBNT in the next 48 hours in order to vote in the 17 live votesYou can stake your vBNT in the governance contract at: app.bancor.network/eth/vote/Quorum requirements remain unchanged: token whitelists require 40% quorum with 66.7% of votes FOR; all other votes token whitelists require 20% quorum with 66.7% of votes FORThe remainder of this post will cover how to stake vBNT and how to vote using Bancor’s new voting portal.You can read more about the BancorDAO’s decision to switch to gasless voting via Snapshot.The Current BacklogThere are 17 proposals in total for our Snapshot maiden’s voyage. These include proposals that were accumulating in anticipation of Snapshot’s release, and previously null DAO decisions that failed to reach quorum. As voting is now free — there is literally no excuse for a decision to fail due to lack of participation. If you support a proposal, vote FOR, if you wish to reject a proposal, vote AGAINST.These proposals were collected and submitted for a DAO decision, with the Snapshot block set to ~48 hours into the future. This means that DAO members have 48 hours to stake vBNT in the governance contracts if they wish to vote for/against one of the 17 proposals. This is still done on Ethereum L1, via the vote tab in the bancor.network app. Users can vote for as many proposals as they like — you don’t have to choose just one.How to VoteWarning: Don’t Get Phished! The link to the snapshot voting page is: vote.bancor.networkThis is the only link you should ever use. Do not accept direct links to proposals; always use the link above to get to the Snapshot summary page, then navigate to a specific proposal from there.Go to: vote.bancor.networkNavigate to a specific proposal.A summary of the proposal will appear on the snapshot page:4. Cast your vote.At the bottom of the proposal are the familiar FOR and AGAINST buttons:After you have made your selection, the ‘vote’ button will become available:After clicking on the vote button, a confirmation box will appear, summarizing your decision, the snapshot block being used, and the total voting power associated with your address. If you agree with the summary, click ‘Vote’ again.After clicking on the vote button a second time, MetaMask will ask for a signature. This signing process is 100% free — no gas expenses are incurred at all.After signing, you should see your vote cast at the bottom of the page:After refreshing the page, the current quorum and majority stats will update.Coming Soon: How to Submit ProposalsAn explainer article to assist with creating and submitting proposals to Snapshot for a DAO decision will be available within the next 24 hours.Gasless Voting is Live on Bancor Governance was originally published in Bancor on Medium, where people are continuing the conversation by highlighting and responding to this story.
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