Boost Your Voting Efficiency on OpenChat & DSCVR with Hotkeys!

Table of Contents:

1. Introduction
2. Overview of SNS DAO Proposals 2.1. Rejected Proposals 2.2. Ongoing Proposals 2.3. Potential Adoption Proposal 2.4. Proposal on Alternative Incentive 2.5. Lack of Information on SNS Token Proposal
3. How to Vote on SNS DAO 3.1. Voting on Open Chat 3.2. Voting on Discover
4. New Update: Increased Dissolved Delay
5. Understanding Maturity and Voting Rewards
6. The Importance of Rewarding Voting Participation
7. Conclusion
8. Highlights
9. Frequently Asked Questions

Introduction

In the world of SNS DAO, various proposals have been put forward by different members. However, many of these proposals have been rejected by the community. This article aims to provide an overview of the Current state of SNS DAO proposals and guide users on how to vote effectively. Additionally, we'll discuss the latest update on increased dissolved delay and the need to reward voting participation.

Overview of SNS DAO Proposals

Rejected Proposals

Several proposals have been swiftly rejected by the SNS DAO community. Despite their initial presentation, these proposals failed to gain support and acceptance.

Ongoing Proposals

One of the ongoing proposals focuses on Dex, which is nearing its completion. However, it is expected to face rejection, given the limited time left for voting. Another proposal worth noting is the governance framework for making changes to SNS-1 DAO. This proposal shows promise for adoption, with 11 votes in favor and only 2 percent against it.

Potential Adoption Proposal

A proposal on alternative incentives is currently up for voting. However, its chances of adoption seem bleak, as it is expected to be rejected Based on the limited information provided.

Lack of Information on SNS Token Proposal

One proposal regarding the SNS token lacks substantial information, resulting in confusion among community members. As a result, the proposal is likely to be rejected.

How to Vote on SNS DAO

Voting on Open Chat

To participate in voting on open chat, users need to add their Dapp's ID as a hotkey. By accessing their profile settings on SNS DAO, users can copy their user ID and add it as a hotkey on NNS. Once added, users can join the SNS-1 proposals group and vote accordingly.

Voting on Discover

Similarly, to vote on Discover, users need to copy their principal ID from their profile settings and add it on SNS or NNS. By doing so, their neuron will be visible on their Discover profile, enabling them to vote and Create proposals.

New Update: Increased Dissolved Delay

An essential development in SNS on NNS is the introduction of increased dissolved delay. Previously, users faced limitations in voting if they initiated the dissolving process, as it surpassed the 30-day mark. With the new update, users can now set their dissolved delay up to 100 years. Increasing the dissolved delay also boosts an individual's voting power.

Understanding Maturity and Voting Rewards

The concept of maturity in SNS DAO may seem unclear to many members. Currently, voting rewards for SN is set at zero percent. This means that no rewards are distributed for voting. However, this can be changed by the community through a proposal. The voting reward rate is adjustable and can be determined via community Consensus.

The Importance of Rewarding Voting Participation

While voting is crucial for the decentralized autonomous organization to thrive, offering incentives for voting participation becomes vital for the continuous engagement of community members. Although the current voting reward stands at zero percent, it is essential for the community to propose a change that rewards participants and fosters active involvement.

Conclusion

SNS DAO continues to witness numerous proposals, with varying levels of community support. As users navigate the platform, it is crucial to understand how to vote effectively and take AdVantage of the increased dissolved delay option. Additionally, the need to reward voting participation is of utmost importance for the sustained growth and engagement of the SNS DAO community.

Highlights:

• Overview of SNS DAO proposals: Rejected, ongoing, and potential adoption proposals.
• Step-by-step guide on how to vote on SNS DAO through Open Chat and Discover.
• The introduction of increased dissolved delay and its impact on voting power.
• Understanding maturity and the current zero percent voting reward rate.
• The importance of rewarding voting participation for the growth of SNS DAO.

Frequently Asked Questions

Q: How can I vote on SNS DAO? A: To vote on SNS DAO, you can utilize the Open Chat or Discover features. By adding your Dapp's ID or principal ID as a hotkey, you gain access to voting and proposal creation.

Q: What is the purpose of the increased dissolved delay option? A: The increased dissolved delay allows users to extend the period before their dissolved tokens lose voting power, thereby enabling them to participate in voting for an extended time.

Q: Are there any rewards for voting on SNS DAO? A: Currently, voting rewards for SN is set at zero percent. However, the community can propose changes to the reward rate to incentivize voting participation.

Q: Why is rewarding voting participation important? A: Rewarding voting participation is crucial to motivate community members and ensure continuous engagement in the decentralized autonomous organization. It can help attract and retain active participants in the SNS DAO community.