EVER DAO: voting guide

EVER DAO: voting guide

EVER DAO is a decentralized management platform that allows all WEVER (Wrapped EVER) token holders to vote for proposals related to the Everscale network. Community members can express their will when making significant decisions in the life of the network in a transparent and verifiable way.

Terms of participation in EVER DAO

  • To create a proposal on the EVER DAO platform, you need to stake 100,000 WEVER tokens.
  • To vote in already created proposals, you need to stake any number of WEVER tokens.

Voting mechanics

  • EVER DAO allows users to create proposals and vote “FOR” or “AGAINST” each of them.
  • To participate in the voting, you must have a certain share of WEVER tokens, which will be equivalent to the strength of your vote.
  • To swap WEVER from EVER use the FlatQube DEX or the Wrappedever service 

How to vote on Ever DAO

  1. Go to the EVER DAO website and connect your EVER Wallet
  2. Specify the total number of WEVER tokens that you would like to stake for voting and click the “Stake” button.
  3. Go to the “Proposals” section and select the vote in which you would like to participate.
  4. Cast your vote by selecting the appropriate button (“Vote for” or “Vote against”) and leave a comment on your decision (preferably).
  5. After the transaction is confirmed, your vote will be counted.

IMPORTANT!  Your tokens will remain blocked for several days, throughout the entire voting process. 

After you have cast your vote "For" or "Against", wait for the results of the vote. The option for which the majority of tokens will vote will win.

The minimum number of WEVER tokens that voted "For" or "Against" in order for this decision to take effect is 5 000 000.

If the voting decision has not accumulated the minimum number of tokens, the author of the proposal can carry out additional work on it and put up a new similar proposal, possibly with some changes.

How to withdraw your tokens from EVER DAO 

  1. Go to the “Proposals” tab and click “Unlock all tokens”
  2. Go to the “Staking” tab

  3. Click the “Redeem" button. Select the WEVER amount you want to withdraw. After the transaction is confirmed, the tokens will be credited to your EVER Wallet.

IMPORTANT! Tokens that have been staked once can be used in several proposals.

A proposal to make stEVER (Staked EVER) an official voting token on EVER DAO is expected in the near future. Holders will be able to vote with their tokens, without need to withdraw them from staking programs.

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