Voting Power
Last updated
Last updated
To vote in governance, compete in Liquidity Mining and boost liquidity rewards, users need to place their $PAWN token in Pawnfi SAFE to get voting power.
Voting power are your $PAWN placed in SAFE. The longer you place your $PAWN, the more voting power you have (and the bigger boost you can reach). Each PAWN placed for one year is equal to 52 voting power.
The minimum placing time is 1 month and the maximum placing time is two years. Your voting power gradually decays every week as your placed tokens approach their expiry. The formula is outlined below:
Voting power = Place Time in weeks x Placed $PAWN amount
Voting Power decay rate = Decay at "Placed $PAWN amount" every week on Thursday at 00:00:00 UTC
Voting power cannot be transferred, and the only way to obtain voting power is by placing $PAWN token in SAFE.
