How Vote on a Proposal
Engage in the voting process and make your voice heard
Overview
Once the proposal has reached the minimum deposit amount of 10,000 SWTH, it will automatically enter the Voting Phase. The voting period lasts for 2 days, after which voting is closed. At any stage prior to the Voting Phase, no voting can occur. After the 2 day voting period, results are tallied based on a few predetermined criteria.
While every community member has voting rights, your voting power or influence is determined by the amount of SWTH you have staked on Carbon - The higher your staked amount, the greater your voting power.
1. Discuss With the Community
Before casting your vote, it is important to read and understand the contents of any proposal you are voting for. Once a vote is cast, it is implemented onto the blockchain (Carbon) and this action is irreversible. Therefore, we encourage you to participate in discussions with the community to gain a deeper understanding of the proposal before making your decision.
Step 1: Log in to Carbon Commonwealth Forum to participate in proposal discussion.
Locate the proposal of interest and participate in the conversation by posting your thoughts and views, considering what other community members have already discussed about the proposal.
Step 2: Go to our official Discord channel and engage in discussions with the community in the #🗣proposal-discussions channel under the “Governance” category.
2. Cast Your Vote
Once you have understood the proposal and its impacts on Carbon, you are now ready to cast your vote on Carbonscan! You can choose ONE of the following options when voting:
Yes
No
No With Veto: “No With Veto” should only be selected if you are strongly against a proposal.
This vote will cause the proposal to be rejected if it meets the minimum threshold of 33.4% of the votes cast, even if the proposal has received a majority “Yes” (>50%). The proposer (and everyone who deposited to initialize the proposal) will lose their deposit.
Example
If 60% of the voters voted “Yes” on a proposal but 35% of voters voted "No With Veto", the proposal will be rejected. Everyone who made a deposit for this proposal will not get their SWTH back. Instead, the deposit will be burnt.
The "No With Veto" vote should only be exercised if you strongly believe that it will have adverse effects on Carbon, or if the proposal constitutes spam.
Abstain
If you vote “Abstain”, you choose not to vote "Yes" or "No" on the proposal but accept the outcome of the proposal.
Note that not voting does not mean that your voting power will not be counted.
If you choose not to vote, or miss voting on a proposal, the tokens you delegate to your validator may be used by the operator to vote on your behalf as a proxy.
All votes are then tallied before the results are released.
How Are Votes Tallied?
The voting results will be released after the 1-day voting period and recorded on the blockchain. Proposals that have been passed will be automatically implemented on the blockchain.
In order for a proposal to pass, it must satisfy all of the following 3 criteria:
1. Quorum: More than 33.4% of total staking power voted on a proposal
For example, if a total of 600 million SWTH is staked, voting participation making up at least 200.4 million of the total amount staked is required for the proposal to pass.
2. Threshold: At least 50% of voters vote “Yes” on a proposal
3. Veto: Less than 33.4% of voters vote “NowithVeto”
Example of Rejected Proposals
Scenario 1
Quorum
Less than 33.4% staking power voted
Threshold
More than 50% voted “Yes”
Veto
Less than 33.4% voted “NoWithVeto”
Result
Rejected -> Deposit burnt
Reason
Did not meet quorum requirements.
Scenario 2
Quorum
More than 33.4% staking power voted
Threshold
Less than 50% voted “Yes”
Veto
Less than 33.4% voted “NoWithVeto”
Result
Rejected -> Deposit returned
Reason
Did not meet threshold requirements
Senario 3
Quorum
More than 33.4% staking power voted
Threshold
More than 50% voted “Yes”
Veto
More than 33.4% voted “NoWithVeto”
Result
Rejected -> Deposit returned
Reason
The vote was vetoed. Even though the majority voted yes, the proposal is rejected.
How Is Your Voting Power Determined?
Voting power is determined by the amount of SWTH staked. The larger your stake, the greater the influence of your vote in a proposal. SWTH you own but do not stake cannot be used to vote and do not constitute voting power.
Example
Imagine Bob delegated 1000 SWTH to Validator A. This amount signifies Bob’s “voting power”. If Validator A has a self-stake amount of 9,000 SWTH, by default, Validator A will have 10,000 SWTH in voting power (including the 1000 SWTH Bob delegated).
Scenario 1
Bob decides not to vote on a proposal. The validator votes "Yes" with his operator key.
The validator’s voting power is 10,000 SWTH and there will therefore be 10,000 SWTH of voting power voting "Yes".
Scenario 2
Bob decides to vote "No" on a proposal. The validator votes "Yes" with his operator key.
In this case, Bob exercising his vote overrides the validator’s vote. Hence, the validator’s voting power in this instance becomes 9,000 SWTH (10,000 SWTH - Bob’s 1,000 SWTH).
If and only if Bob does not vote, he is allowing his validator to vote on his behalf as a proxy.
Implementation of Successful Proposals
Proposals passed will be automatically implemented on the blockchain. The implementation process differs depending on the type of proposal.
Implementation of proposals are final and irreversible (unless a new proposal is able to revert the change). Therefore, all changes proposed and voted on should be carefully weighed for maximum benefit to our ecosystem as a whole.
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