This article was first published on Bancor - Medium
How to Vote in Bancor Governance Using vBNT
Once you stake pool tokens into protection, you will receive vBNT equivalent to your stake.
See this guide to learn how to stake your pool tokens into protection.
The following steps will explain how you can stake and use vBNT for governance purposes.
Step 1: Go to the voting interface at: https://app.bancor.network/eth/vote/
Step 2: If your wallet is connected, you will see your your vBNT balance.
Click on the “Stake Tokens” button to stake your vBNT into the voting contract so you can use them with the governance interface.
This will open a popup that allows you to select how much vBNT you would like to stake.
Clicking “BALANCE” will automatically select the full amount of vBNT available.
Step 3: Once you have selected the amount of vBNT you would like to stake, click “Stake Tokens”.
… and then “Confirm” the Metamask transaction.
Once the transaction is confirmed your tokens will be staked in the governance contract. You will see a counter indicating how much time is needed to wait until you can unstake them.
Step 4: Now that you have staked vBNT into the governance contract, you can proceed with the following:
- Voting on existing proposals
- Create new proposals (25,000 vBNT is required for this)
Step 5: Vote on an existing proposal
- Find the proposal you would like to vote on
- Select the option (for/against) and click on it....
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Bancor - Medium