CFX Voting Official Website:
1. Staking Tutorial
“Staking” and “Governance” are displayed at the top of the homepage (https://governance.confluxnetwork.org/). Users can stake, unstake, and lock their assets on the Staking page. Users need to click on “Connect Wallet” to connect their Conflux wallet. After the Conflux wallet is connected, users can stake CFX, unstake CFX to withdraw CFX, or lock up CFX to obtain voting rights.
Change the website’s display language by clicking on the button located in the top right corner.
1. Staking
On the left side, users can stake or unstake CFX. The “Amount Available to Stake” shows the user’s CFX balance of the wallet connected to the staking page.
Users can regard staking / unstaking as a flexible deposit. Users can stake / unstake at any time.
(1) Users can click on “MAX” to stake all CFX in the connected wallet or input a number for staking a specific number of CFX. To proceed with staking, user’s need to click “Stake”.
Users should keep at least 1 CFX in the wallet to cover the transaction’s gas fee.
(2) After clicking on “Stake”, users need to confirm the transaction on ConfluxPortal by clicking on “Confirm” before the transaction hash is generated.
Now the user’s amount available to stake and unstake are updated. The amount of the user’s CFX Balance and Staked CFX are also updated.
2. Unstake
(1) Users can withdraw their staked CFX by unstaking. The maximum cannot exceed the amount available to unstake.
(2) After clicking on “Unstake”, users need to confirm the transaction on ConfluxPortal by clicking on “Confirm” before the transaction hash is generated.
Now the user’s amount available to stake and unstake are updated. The amount of the user’s CFX Balance and Staked CFX are also updated.
3. Lock
(1) Users can lock up a certain amount of tokens for a fixed period to obtain voting rights. The lock amount should be equal to or less than the amount available to lock. The amount available to lock equals the number of staked CFX. Final Total Voting Rights is the number of the user’s voting rights.
Locking can be regarded as a fixed deposit. Once a user locks up CFX for voting rights, the user cannot withdraw the CFX within the set locking duration.
Users can choose to lock up CFX for half a year or a year. Notice: when users choose to lock up CFX for half a year, the locking duration CAN be extended to a year; when users choose to lock up CFX for a year, the locking duration CANNOT be reduced to half a year.
Locking duration of more than half a year: One CFX has 0.5 vote.
Locking duration of more than a year: One CFX has 1 vote.
(2) After selecting the locking amount and locking duration, users need to click on “Lock”, and then click on “Confirm”.
(3) Users need to confirm the transaction on ConfluxPortal by clicking on “Confirm” to generate the transaction hash.
The amount available to unstake/lock is updated. The number of locked CFX and the current voting rights of the connected account are also updated.
(4) You can click the question marks for detailed information.
① Amount Available to Stake: In order to guarantee the gas fee needed for the transaction, at least 1 CFX balance should be kept in the wallet.
② Staking CFX Earned: Does not include previously withdrawn interest. Staked interest will be automatically withdrawn to your wallet address every time you unstake.
③ Current Voting Rights:
The voting rights will be awarded according to: number of quarters × number of tokens × 0.25.
We measure ‘time’ in blocks based on the assumed number of 63,072,000 blocks per year. While tokens are locked to obtain votes, users retain the right to staking interest. The longest locking duration for voting is 1 year. While tokens are locked to gain a voting right, users cannot withdraw the tokens or decrease the locking duration.
2. Governance Tutorial
Users can vote on the Governance page.
(1) Click on “Governance” to view active votes.
(2) Users can view the vote proposer’s details by clicking on the address of the proposer.
Users can also click “Proposal discussion” join the vote’s discussion on Conflux Forum.
(3) Users need to select an option and click “Vote”.
(4) Confirm the vote by clicking on “Confirm” in ConfluxPortal to generate the transaction hash.
(5) Please note: voting rights remain the same after voting, and the voting option can be changed before the active voting is closed.