DFIP Voting FAQs
Updated over a week ago

When does the voting start and end?

Voting is open for approx 2-3 weeks for regular CFP/DFIPs. For special DFIPs it will be open for about 2-3 days, please check the Bake mobile app to get notified on the start of future voting rounds.

Who is eligible to participate in the voting?

All users who have DFI in fixed-term staking already allocated by the time the voting on Bake goes live will be eligible to participate in the voting process.

Why do I vote?

Participating in the on-chain governance voting process on DeFiChain not only allows customers to have a say in the future direction of the blockchain, but also provides an opportunity to earn rewards. These rewards come in the form of DFI, the native token of DeFiChain, and are paid out to voters from fees that are contributed by proposers.

Can I vote on the website / webapp?

No, voting is only possible via the mobile app.

You can find our Bake mobile app both on the Google Play Store and the Apple App Store:

Is there a reward for voting?

Yes, voters will enjoy DFI rewards from fees that are contributed by proposers (all proposers are required to submit a fee when submitting a proposal - 50% of those fees go to voters). In the normal DFIP voting round, the fee is 50 DFI per proposal. The reward is in accordance with the amount of staked DFI that eligible voters have in their freezer.

For more information about the DFIP Voting, please check our Blogpost: Introducing On-chain Governance: The Implications for Bake Users

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