Staking & Voting
Stake to earn rewards on LINKSWAP fees and exercise your power on the future of the YF Link pby voting on proposals
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Stake to earn rewards on LINKSWAP fees and exercise your power on the future of the YF Link pby voting on proposals
Last updated
Was this helpful?
There are two types of proposals, and voting works differently for them.
When you stake in the YF Link Governance contract, you will then be able to vote on future Non-Smart Contract Proposals happening on . Voting power is 1:1 with the amount of YFL staked in the Governance contract.
The YF Link governance vault is a fork of Andre Cronje’s YFI contract, that has been adapted to allow $YFL holders to propose and vote on protocol and ecosystem updates. It is open to any user who deposits at least 0.1 YFL into the contract. Voting power is 1:1 with the amount of YFL staked.
In addition to being able to vote, YF Link governance vault stakers earn rewards on Linkswap transaction and listing fees.
Visit the .
Connect your wallet.
You will now see your $YFL balance and how much is currently staked (if any).
Click "Stake".
Make sure you stake enough $YFL to have at least 0.1 YFL staked in the governance vault
This will fire 2 transactions.
The first one approves the $YFL contract as a spender of your $YFL.
The second removes the $YFL from your wallet and puts it into the governance pool staking contract.
Your $YFL is staked in the governance vault and you receive yYFL as an IOU.
That’s it! You can now vote on proposals, and start earning rewards on Linkswap transactions and listing fees.
Voting works differently for two kinds of proposals
Connect your wallet.
Find the proposal you want to vote on. Active votes will be marked as "Open".
Open the proposal by clicking on it.
Click on the voting option you want to vote for.
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Congrats! You have now voted on a proposal.
Connect your wallet.
You will now see your $YFL balance and how much YFL is currently staked (you need more than 0.1 YFL staked in the governance vault to vote).
Scroll down to the Vote section.
Open proposals have a countdown (proposals that are not live are labelled "ended").
Go back to the governance vault.
Click on the thumbs up to support or thumbs down to reject on the proposal.
Click on submit vote.
Confirm the transaction in your wallet.
Congrats! You have now voted on a proposal.
If the proposal passes, the content in the proposal is executed. If any funds from the YF Link treasury have been requested, the YF Link treasury multi-sigs transfer the funds to the address specified in the proposal.
Connect your wallet.
You will now see your $YFL balance and how much YFL is currently staked (if any).
Click "Unstake".
Approve the transaction in your wallet to unstake your $YFL .
Your yYFL will be converted to $YFL and is returned to your wallet.
Visit .
Visit the .
Double-click on the proposal to go to the and read the text of the proposal you're voting .
Visit the .