How to get voting rights
Last updated
Last updated
Access the ELYFI site and stake ELFI tokens.
In order to participate in ELYFI Governance, ELFI tokens must be staked in a staking pool. You can receive staked ELFI (sELFI) tokens as much as the staked quantity, and 1 sELFI token means 1 voting right.
You can check how to stake ELFI tokens here.
2. You can also check the acquired sELFI tokens on Metamask. Activate Metamask and click import tokens button on the bottom.
The wallet must be connected to the Ethereum Mainnet.
3. Click 'Custom Token' tab and enter 'sELFI token address' on the Token Contract Address. Then, you can check the automatically entered sELFI on the Token Symbol box. After that, click Add Custom Token.
sELFI Token Address: 0x24a7fb55e4ac2cb40944bc560423b496dfa8803f
4. Click the Import Tokens button on the bottom. Then you can see the sELFI token imported on the Metamask.
5. Go to the On-chain Governance site back and click the Delegate vote button to activate the pop-up window.
6. When a pop-up window appears, click the 'Delegate to self' button to proceed with the process of delegating voting rights to yourself.
After acquiring staked ELFI Tokens (sELFI) through ELFI token staking, you must proceed with the first vote delegation process. Delegating voting rights can be 'Delegate to self' or 'Delegate to an address'. To vote yourself, you must delegate to yourself.
7. Send a transaction by pressing the 'Confirm' button on Metamask.
8. You can check whether the transaction has been completed as a notification message at the bottom of the site.
9. When the transaction is completed, the voting status is changed from 'Undelegated' to 'Self Delegation' in the 'Delegating to' area showing the delegation status.
You can check the status of delegation by entering your wallet address in the link shared at the bottom and searching for it in your browser.
https://www.withtally.com/voter/[your Ethereum address]/governance/elyfi