Staking
Last updated
Last updated
Members of an Agora DAO need to stake their tokens to the DAO in order to gain governance power in on-chain Agora governance actions. A user's power in an on-chain vote is calculated by the amount of they have staked to that DAO.
When you on Clarity, your tokens are sent to a validator which is generated and published on-chain at the time of your DAOs creation. When funds are sent to a DAOs validator to create a stake, information about the wallet that sent the funds is encoded on-chain so that only the stake's creator can redeem those tokens.
Yes! The requirements to be able to remove funds from a stake are that:
You are using the wallet that created that stake.
Your stake has on it.
By holding governance tokens in a validator, Agora is able to verify the exact vote results at any given time with 100% accuracy . Without the funds being held in a validator, Governance Tokens could potentially be sent around and used to double vote.