XDEFI Community Proposals
What is an XDEFI Community Proposal?
- $XDEFI token holders have the opportunity for their voices to be heard by submitting an XDEFI Community Proposal (a “Proposal”) on the “XDEFI Wallet Governance Platform” for the XDEFI Wallet Community to vote on.
- The “XDEFI Wallet Governance Platform” is available on snapshot at the following URL: https://snapshot.org/#/xdefigovernance.eth
- Alternatively, you can access the “XDEFI Wallet Governance Platform” by going to the snapshot homepage and then searching for XDEFI Wallet in the search feature towards the top of the page:
- All Proposals need to be in the form of our “XDEFI Community Proposal Template”.
- A minimum of 1,000,000 $XDEFI ERC-20 tokens is required to submit a Proposal. (Note: if you do not have enough $XDEFI to submit a Proposal you can still post your suggestion on the “your-ideas” channel on our Discord).
- All Proposals need to be approved by (i) the XDEFI Wallet Community and (ii) the XDEFI Wallet Team (which includes the developers who will need to find an efficient way to action and implement any successful Proposals).
XDEFI Community Proposal Parameters
- A Proposal must satisfy certain criteria in order for the Proposal to be successfully passed by the Community.
- This includes:
Important!
- XDEFI Wallet will reject any Proposal that may in any way appear to (i) be illegal, (ii) violate any applicable laws and regulations, (iii) cause harm to the XDEFI Community or others or (iv) relate to any potential market or price manipulation.
- XDEFI Wallet will not allow anyone to try to gain an unfair advantage by using multiple accounts to vote. The amount of $XDEFI held in your wallet determines the number of votes that you have and moving your $XDEFI tokens before the end of the voting period will affect your voting power.
- XDEFI Wallet reserves the right to reject any Proposal and will have the final decision as to whether, when and how to implement any Proposal.
- XDEFI Wallet reserves the right to change the terms of the XDEFI Wallet Governance Platform at any time.
How to vote on a Community Proposal
XDEFI Wallet Governance – voting rules
- $XDEFI token holders are able to vote on Proposals that are created by the XDEFI Community on the XDEFI Wallet Governance Portal.
- The amount of $XDEFI tokens that you hold in your wallet will determine the weight of your vote. So make sure you have some $XDEFI if you want to participate!
- 1 $XDEFI = 1 vote.
- You will be entitled to 1 vote for every $XDEFI that is in your wallet, including unstaked $XDEFI tokens and also staked $XDEFI tokens which have generated a position in vXDEFI tokens
- Voting is free, there are no fees. The portal only takes a snapshot of your ERC-20 address once you cast a vote.
- Once you have voted, your funds remain in your wallet and can still be used for transactions.
- However, transferring your $XDEFI tokens out of your wallet before the end of the voting period will affect your voting power.
Voting only via the XDEFI Wallet Governance Portal
Please note that voting can only be done via the XDEFI Wallet Governance Portal, which is only available on Snapshot.
How to vote
Please follow the below steps (1-8) in order:
1. Access the XDEFI Wallet Governance Portal on Snapshot – please go to https://snapshot.org/#/xdefigovernance.eth
2. Join the XDEFI Wallet Governance Portal – please click on the blue “Join” button.
3. Connect Wallet – in order to join you will need to connect your wallet so after clicking on “Join” please connect your wallet (the one containing the required threshold of $XDEFI tokens) by clicking on the XDEFI Wallet option.
4. Check you have successfully connected your wallet and joined the XDEFI Wallet Governance Portal – once you have completed steps 1-3 above, a green tick and the word “Joined” will appear underneath the XDEFI Wallet heading and you should see that your wallet is connected as some of your wallet address will be showing next to the bell sign towards the top-right of the screen.
5. Select & Review Proposal – click on “Proposals” under the XDEFI Wallet heading and just above “New proposal”. Then select and click on the relevant Active Proposal on the right hand side of your screen that you would like to vote on and review the available information.
6. Cast your vote – after you have reviewed all the information on the Proposal please scroll down to the “Cast your vote” section. Cast your vote by selecting your desired vote out of the available voting options. For example you may want to click on “Yes” and then click on “Vote.”
Another voting option may be to click on “For” or “Against” and then “Vote”.
7. Confirm your Vote – after clicking on “Vote”, you will see a pop-up providing a summary of your vote and voting power and asking you to confirm your vote. Please review the details in the pop-up and if you wish to confirm your vote then proceed to click on “Confirm” and then confirm the transaction by clicking on “OK”.
8. Complete – congratulations, you have successfully voted on an XDEFI Community Proposal!
How to submit a Community Proposal
Before getting started
Please make sure that you:
- are using the most recent version of XDEFI Wallet to access the XDEFI Wallet Governance Portal; and
- have at least 1,000,000 $XDEFI on your ERC-20 address in order to submit a proposal. (Note: if you do not have enough $XDEFI to submit a Proposal, you can still post your suggestion on the “your-ideas” channel on our Discord.)
How to submit a Community Proposal
Please follow the below steps (1-8) in order:
1. Access the XDEFI Wallet Governance Portal – please go to https://snapshot.org/#/xdefigovernance.eth.
2. Join the XDEFI Wallet Governance Portal on Snapshot – please click on the blue “Join” button.
3. Connect Wallet – in order to join you will need to connect your wallet so after clicking on “Join” please connect your wallet (the one containing the required threshold of $XDEFI tokens) by clicking on the XDEFI Wallet option.
4. Check you have successfully connected your wallet and joined the XDEFI Wallet Governance Portal – once you have completed steps 1-3 above, a green tick and the word “Joined” will appear underneath the XDEFI Wallet heading and you should see that your wallet is connected as some of your wallet address will be showing next to the bell sign towards the top-right of the screen.
5. Create New Proposal – once your wallet is connected, please click on “New proposal” and then proceed to complete the required details about the Proposal. You can “Preview” your proposal and if you are happy with your “Proposal” proceed to click on “Continue.”
6. Voting Options and Voting Period – complete the “Type of Voting” and the “Voting Choices” and also set the Voting Period (by specifying the Start and End Dates). Once complete click on “Publish”.
7. Publish the Proposal – after clicking on “Publish”, you should receive a wallet message signing TX pop-up. After checking the details click on “Confirm” to proceed.
8. Complete – congratulations, you have successfully submitted an XDEFI Community Proposal! Your screen will show your Proposal’s details.
XDEFI Wallet Community Proposal Template
Explanatory Notes:
- Please follow the below template when making a Proposal.
- Please note that proposals will be rejected if they, in any way, seem to propose or could result in any of the below items:
-
- anything illegal;
- anything that may violate any applicable regulations;
- anything that could cause harm to the XDEFI Community or others; or
- anything that may relate to any potential market or price manipulation.
XDEFI Community Proposal Template
Proposal Exec Summary
- This is a proposal for XDEFI Wallet to [•].
- If you are in favour of this proposal, you can vote by following the instructions.
Proposal Further Details
- 2-3 bullet points providing more details on the proposal.
Proposal Justification
- Brief summary explaining the overall benefits for the XDEFI Community and the wider ecosystem.
Optional Additional Information
- [•].
Any Associated Projects?
- [If there are any projects associated with this proposal, please include further details here including:
- Project name, description & brief history;
- Links to this project’s website, twitter, GitHub and any contact details;
- Details of any synergies with XDEFI Wallet;
- Details of this project’s tokenomics including the purpose and utility of this project’s native token(s);
- Link to this project’s token(s) on CoinGecko.]
Proposal date and voting history
- [•].
.
