Vaults
Last updated
Last updated
Voting Vaults enable Element DAO to make governance participation more inclusive and capital efficient. Vaults can be created by defining strategies for assigning voting power to different use cases and getting them voted in and accepted.
Element's governance system currently features the following voting vaults:
Locking Vault: Gives 1 vote per ELFI staked in it by the user.
Vesting Vault: Gives 0.05 votes per ELFI that's vesting for the user's wallet, as a result of any supported type of allocation, reward, or incentives program.
GSC Vault: Gives 1 vote to each of the Governance Steering Council (GSC) members.
Selecting a vault will show you further details about your voting power associated with Council through this vault.
You can also update your delegation, or interact with the vault's contract, if applicable.
