Universe Docs
  • xyzDAO Overview
  • Beginner's Guide to Governance
  • FAQ Walkthroughs
    • How to get $XYZ tokens?
    • How to obtain voting power (stake) in the DAO?
    • How to lock $XYZ to increase voting power?
    • How to delegate voting power (vXYZ)?
    • How to return delegated voting power (vXYZ)?
    • How can I earn rewards from the USDC/XYZ pool?
    • How to withdraw $XYZ from the DAO?
    • How to create a proposal?
    • How to vote on the proposal?
  • DAO Specifications
    • Diamond Standard
    • Thresholds
    • DAO Governance
    • Multiplier and Voting Power
  • Proposals & Voting
    • Proposals
    • Proposals State
    • Warm-Up
    • Abrogation Proposals
    • Voting
  • Token
    • $XYZ Token
    • Token Distribution
    • Air Drop
  • Distribution Programs
    • Yield Farming and LP Incentivization
      • Epochs
    • DAO Staking
    • Airdrops
  • xyzDAO NFTs & Resources
    • Polymorph FAQs
  • Universe Basics
    • Ethereum Basics
      • A Guide to Ethereum & Blockchains
      • What is a Blockchain?
      • Digital Wallets
      • What is ETH?
      • How do I get ETH?
      • What is gas?
      • How can I measure/predict the fees?
    • Marketplace FAQs
      • What are the Marketplace fees?
      • How do I buy an NFT?
      • How do I make an offer for an NFT?
      • How do I list an NFT?
      • How can I cancel my listing?
      • How do I change the price of my listing?
      • How do I accept an offer?
    • Wallet FAQs
      • Do hardware wallets work with Universe XYZ?
      • My transaction is stuck
      • Types of wallets
    • Minting FAQs
      • What is minting?
      • How do I Mint NFTs with Universe XYZ?
      • How do I create Collections on Universe XYZ
      • Where are my NFTs displayed?
      • Are my NFTs on Universe visible on other platforms?
      • Can I mint an NFT without putting it up for sale?
      • Can I sell NFTs minted on Universe on other platforms?
      • What is burning?
      • What is ERC-1155?
      • What is ERC-721?
    • Troubleshooting
      • Basic troubleshooting
      • How do I contact support?
  • Resources
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  1. DAO Specifications

Multiplier and Voting Power

The voting on xyzDAO will be performed with the non-tradable vXYZ tokens. To get vXYZ, you have to stake or lock your $XYZ tokens.

Below are described 3 use cases with vXYZ and $XYZ:

1. You can lock $XYZ for vXYZ.

  • You can lock $XYZ for a period of up to 1 year and get bonus vXYZ.

  • The bonus is linear — max 1 year, max 2x multiplier.

Example: - lock 1,000 $XYZ for 1 year and get 2,000 vXYZ - lock 1,000 $XYZ for 6 months and get 1,500 vXYZ.

  • Bonus has a linear decay relative to locking duration.

Example: lock 1,000 $XYZ for 1 year and get 2,000 vXYZ at T0 - after 6 months the balance is 1,500 vXYZ - after 9 months the balance is 1,250 vXYZ.

  • You can lock and the period is the same:

    • base balance is increased with the added yXYZ

    • multiplier is recalculated relatively to the new lock expiration date

  • You can only withdraw your vXYZ balance after the lock expires.

2. You can stake $XYZ for vXYZ.

  • You can stake $XYZ tokens without locking them. No bonus is applied. vXYZ balance = $XYZ balance.

  • You can stake more $XYZ and get the same amount of vXYZ

  • You can redeem your $XYZ tokens at any time.

3. You can delegate vXYZs to other users

  • You can only delegate to one person at a time.

  • Only actual balance can be delegated, not a bonus.

  • Delegated balance cannot be locked.

  • You can take the delegated vXYZ at any time.

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Last updated 4 years ago

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