BSC Governance Temperature Check¶
Overview¶
BNB Chain governance involves a two-step process: temperature check and final decision voting. The temperature check, typically conducted through the Snapshot platform, allows any BNB holder to gauge community sentiment on a proposal. If the proposal receives enough support, it proceeds to the final decision voting phase. This phase often involves on-chain voting by validators or those with staked BNB, and the outcome determines whether the proposal is implemented or rejected.
Submit a Proposal¶
Info
Anyone who staked more than 1BNB can create proposals.
Step 1: Head to the space which you wish to create your proposal for.
Connect with the wallet provider - make sure the connected wallet is where you delegate BNB
Step 2: Click New proposal in space sidebar
Fill in the following fields: - Title - Description - Discussion link
Step 3: Select the desired voting system, specify the possible vote options, and define the duration of your proposal. Make sure you allow enough time for users to vote.
Step 4: Click Publish - and you can see your proposal in the proposals list on the space page.
Voting¶
Vote on a Proposal¶
Info
All BNBChain delegators can vote for proposals.
Step 1: Log in to voting space URL: https://snapshot.org/#/bnbchain-dao.eth
Step 2: Go to the snapshot link of the proposal. For example, in this case, a community member created a voting proposal for BEP-341.
Step 3: Connect your wallet and vote
After you connect your wallet, make sure to use the same address of your BNB Staking. And choose the voting option.
Delegate Voting Power¶
Step 1: Go to https://snapshot.org/#/delegate/bnbchain-dao.eth
Step 2: Enter the address you want to delegate to.
Step 3: Click Confirm to save your delegation.
Undelegate Voting Power¶
Step 1: Go to https://snapshot.org/#/delegate/bnbchain-dao.eth
Step 2: Find the current delegatees in Top delegates.
Step 3: Click the ‘x’ button along a delegatee to undelegate, the wallet will ask user to sign and send transaction to bsc
Factors Affecting Temperature Governance Power:¶
- BNB Holding Balance: The more BNB you hold, the greater your voting power.
- Staked BNB: Delegating your BNB to a validator also contributes to your governance power. This ensures those actively participating in the network’s security have a say. https://www.bnbchain.org/en/bnb-staking
- ListDAO Staked BNB: Your staked listDAO BNB(slisBNB) https://docs.bsc.lista.org/user-guide/liquid-staking-slisbnb