NEOPIN Governance Vote
Thrive with NEOPIN Community
Last updated
Thrive with NEOPIN Community
Last updated
A Permissioned DeFi NEOPIN believes in the power of decentralization, where the project thrives with the community, and has implemented a governance voting system to embrace the opinions of the community.
Community members who contribute to the NEOPIN ecosystem, defined as NPT Stakers, can participate in major decisions on proposals aimed at improving the NEOPIN ecosystem (NEOPIN Improvement Proposal a.k.a. NIP).
Users who have staked in NPT Stake product through NEOPIN will be allocated voting powers based on their staking amount. (The NPT based pool deposit such as "NPT-nUSDT" does not count for the allocation of voting powers.)
A number of voting powers is calculated based on the amount of NPT staked, and the number of voting powers is updated daily at 23:55 UTC.
For each agenda, a user’s voting power may vary as it is determined by taking a snapshot of the number of voting powers each user has at the time the agenda is listed on the NEOPIN governance page. This means additional staking will not be reflected in the number of voting power for an agenda if it is already listed.
Voting powers can be used to vote either “YES” or “NO” for each agenda item. When you vote, all of your voting powers for that agenda will be used, and you cannot change your vote once it has been submitted.
If, on the other hand, more than 33% of the total voting powers are voted, the result of the proposal will be reflected by the majority rule of either the “YES”/”NO” option.
If neither “YES” nor “NO” receives more than half of the total votes, the result will be reflected as “Abstain”.
Please see the guide below on how to vote on the Governance Voting Platform on NEOPIN.
If less than 33% of the total voting powers issued are not voted by the end of the agenda, the result will be reflected as an “Abstain” and considered defeated. In this case, NEOPIN will conduct an internal review and vote for or against the proposal in accordance with [].
