Delegate

To learn about the core concepts of GnoSwap Governance, visit the Governance page.

1. Locate the Governance menu

Hover your cursor on the arrow icon to expand the menu and click on Governance in the header to visit the Governance page.

2. Click on Delegate

Click on Delegate on the right side of the My Delegation section.

3. Select your delegate

Select a delegate who can vote using the voting power you delegate to them. Detailed information about the delegates such as their current voting power, wallet address, a short description, and their website can be found below. Alternatively, you may manually enter a wallet address of the delegate of your choice.

What are delegates?

Delegates are representatives of GnoSwap Governance who inherit voting power delegated to their address. When you delegate voting power to another address, only that delegatee may vote with it; you cannot vote separately with or override that same power, even if the delegatee abstains. To vote directly with your power, self-delegate it. You can also vote with voting power delegated to your address by others. Delegates CANNOT sell or undelegate your tokens.

4. Enter $GNS amount

Enter the amount of $GNS you would like to delegate. Note that there is no minimum amount of $GNS that you must delegate.

Acknowledge the undelegation period before you proceed!

To retrieve your delegated $GNS tokens, you must first undelegate them. The undelegated amount is subject to a 7-day lock-up period; during this time, it does not earn protocol-fee rewards and its voting power is inactive.

5. Review your delegation

A preview of your delegation will be displayed at the bottom of the modal. Be sure to throroughly review them before you proceed.

6. Approve your transaction

Once you click on Delegate GNS, a pop-up from Adena will appear in a new window, prompting you to approve the transaction. Click on Approve to proceed.

7. Check your xGNS balance

Your new xGNS balance will be updated under Voting Weight. Hover over the value to check a breakdown of your current delegations by each delegate.

8. Claim your rewards

Your delegated xGNS will start earning protocol fees. You can check your rewards under Claimable Rewards. These rewards are claimable at any time. Click on Claim All to receive all of your accrued rewards in your wallet.