The Governance page displays operations related to MIR staking and creating / voting on polls. For more details regarding the Mirror Governance process, click here.
The Governance page displays the following data:
Market information about MIR Staking: Information about current staked MIR in the market, staking ratio and maximum APR are displayed. To learn how APR for governance is calculated, refer to this page.
MIR Staking Position: MIR staking pool box displays user's staked and unstaked MIR balances.
Poll History: Each poll has a unique poll ID, poll type (whitelist or parameter change), poll result, voting ratio, and end time.
MIR tokens are distributed as a reward for staked LP tokens, which are generated when users provide liquidity. Click here to learn more about staking LP tokens.
In order to vote on governance polls, MIR must be staked to be used as voting power.
1. Navigate to the Governance page and click
2. Select either Stake / Unstake
3. Enter amount to Stake or Unstake
UNSTAKE. Station Extension should prompt you to sign the transaction. Confirm the details presented and input your password to sign.
Navigate to the Governance page and click
2. Select a poll type to submit.
3. After entering desired inputs, click the activated button to confirm.
5. Station Extension should prompt you to sign the transaction. Confirm the details presented and input your password to sign.
Navigate to the Governance page and select a poll that is
2. After checking the details of this poll, click
ABSTAIN, and enter the amount to use as voting power.
Submit to confirm. Station Extension should prompt you to sign the transaction. Confirm the details presented and input your password to sign.
For every poll to be passed, they must meet the conditions below:
Voting quorum must be greater than or equal to
quorum (initially set to 10% on Mainnet) of the total staked MIR. Regardless of
YES ratio, the poll will not pass if it does not meet the quorum.
YES votes must be greater than NO votes
Voting period (number of blocks corresponding to 1 week) has ended
After the voting period is over and the poll passes, it takes 1 day (number of blocks corresponding to a day) for the poll to become effective in the protocol.