Delegate
Last updated
Last updated
To learn about the core concepts of GnoSwap Governance, visit the Governance page.
Hover your cursor on the arrow icon to expand the menu and click on Governance in the header to visit the Governance page.
Click on Delegate on the right side of the My Delegation section.
Select a delegate who will inherit your voting power. 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 the voting power of xGNS holders who delegate their tokens to them. The delegate you choose can ONLY vote on your behalf. Rest assured, they CANNOT sell or undelegate your tokens.
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. Be sure to understand that there is an undelegation period of 7 days during which you cannot receive any protocol fee rewards and your voting power becomes inactive.
A preview of your delegation will be displayed at the bottom of the modal. Be sure to throroughly review them before you proceed.
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.
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.
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.
