When does voting start and end?
Voting typically remains open for about 2 to 3 weeks for regular CFPs/DFIPs. For special DFIPs, voting periods are shorter—usually around 2 to 3 days. You can check the Bake mobile app to get notified when voting rounds begin.
Who is eligible to participate in voting?
All users who have DFI in fixed-term staking allocated before the voting starts on Bake are eligible to participate in the voting process.
Why should I vote?
Voting in DeFiChain’s on-chain governance lets you influence the future direction of the blockchain. Additionally, voters earn rewards paid in DFI tokens, which come from fees contributed by proposal submitters.
Can I vote on the website or web app?
No, voting is currently only available through the Bake 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