Govern
Where the Nexus community gathers to vote on critical proposals
The Governance tab houses all of the past and present governance proposals considered by the Nexus community, as well as critical information pertaining to the staking of $Psi tokens in Governance.
More information about participating in the Governance process of Nexus Protocol can be found on our explainer page here.
Decoding Governance Information
As users must stake $Psi tokens to participate in Governance, key metrics about Governance staking is displayed on this page. The information shown is as such:
APY: The expected compounded yield users may earn from staking $Psi; please note that this rate is subject to market dynamics
Total staked: The total number of $Psi tokens staked by users
Community pool: The total number of $Psi tokens in the Nexus community pool
Staked Psi: The number of $Psi tokens currently staked in Governance
Stakeable Psi: The number of $Psi tokens in the user's connected wallet
Every poll will also display important parameters pertaining to the vote:
ID number: The number identifier for the specific governance vote
End time: The deadline for the poll after which the poll would either be passed or would have failed to execute
Pass threshold: The number of votes required for the poll to pass
Voted (%): The percentage of staked $Psi tokens in Governance that have voted
Status: The current state of the vote; this can either be "In Progress", "Passed", "Executed" or "Rejected"
Voting on Polls
To vote on a proposal, click into any of the polls currently "In Progress"
On the poll page, users will be able to see all of the relevant information pertaining the poll' including a description of what the poll seeks to achieve, the smart contract code to be implemented (if any) and a short summary of votes recently cast by $Psi governance stakers.
Please note that you must be staking $Psi tokens before you are able to vote on any proposals. Tokens that have been used to vote on a proposal cannot be unstaked until the poll is completed. The same pool of tokens can be used to vote on multiple concurrent proposals and $Psi tokens are refunded to users after the pool is completed.
To cast your vote:
Click the [Vote now] button
Select to vote either "Yes" or "No"
Enter the number of tokens you wish to commit to the vote
Click the [Confirm] button to finalise your decision
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