Introduction to Voting and Governance
OneSwap users can initiate proposals and vote on the proposals in the community as a way of on-chain governance. Those with a sufficient number of ONES (more than 1% of the total tokens) can initiate proposals, and any user holding ONES can vote for or against a proposal. The voting lasts for three days, with one token for one vote. After the voting, the proposals receiving more positive votes than the negative are passed.
The voting process is uniformly managed by the governance contract. For proposals passed by voting, the governance contract automatically performs corresponding operations on the chain.
Currently OneSwap supports four types of proposals:
Currently OneSwap supports four types of proposals:
1. Funds Proposal: proposals on community fund spending
2. Parameter Proposal: proposals on transaction fee rate modification
3. Upgrade Proposal: proposals on Pair contract upgrade
4. Text Proposal: proposals on initiating community opinion surveys only.
What is the use of voting for a proposal?
Those with a sufficient number of ONES(more than 1% of the total tokens) can initiate proposals, and any user holding ONES can vote for or against a proposal. Once the proposal is submitted, it will enter a three-day voting period. During the period, if you vote for this proposal, your staked ONES will be locked until the voting ends. After the voting, the proposals receiving more positive votes than the negative are passed.
How to vote for a proposal?
1. Visit www.oneswap.net, click [ONES] on the bottom navigation bar and choose [Proposals] after successfully connecting wallet to OneSwap.
2. On [Proposal List], click [Vote] after choosing the corresponding proposal.
3. Choose your option [Yes/No] and enter [Voting Qty] to click [Vote] to the next step.
4. Double-check Voting details and Gas fee, and click [Authorize] to wait for ETH network block packaging and confirmation to finish the authorization.
After that, click [Confirm] to wait for ETH network block packaging and confirmation to finish the voting.
After that, click [Confirm] to wait for ETH network block packaging and confirmation to finish the voting.
How to add-vote for a proposal?
1. On [Proposal List], click [Vote] after choosing the proposal that you want to add voting.
Choose your option [Yes/No] and add [Voting Qty] to click [Vote] to the next step.
2. Double-check Voting details and Gas fee, and click [Confirm] to wait for ETH network block packaging and confirmation to finish the add-voting.
How to change voting option？
1. On [Proposal List], click [Vote] after choosing the proposal that you want to change voting option.
1. On [Proposal List], click [Vote] after choosing the proposal that you want to change voting option.
Change your option [Yes/No], enter [Voting Qty] and click [Vote] to the next step.
2. Double-check Voting details and Gas fee, and click [Confirm] to wait for ETH network block packaging and confirmation to finish the add-voting.
How to check voting history？
On [Proposal] page, click [My Votes] to view the voting history.
On [Proposal] page, click [My Votes] to view the voting history.
How to withdraw staked ONES？
Please kindly note that users should withdraw staked ONES manually after the voting ends.
1. On [Proposals] page, click [Withdraw] under [Staked ONES].
2. Reconfirm the withdrawal details and Gas fee, and click [Confirm] to wait for ETH network block packaging and confirmation.
Kindly Reminder: the above operation guideline takes ONES (ETH chain) for demonstration, and ONES (CSC chain) is the same operation.