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Delphi Governance FAQ

What can I signal my vote on?

  • Delphi product features and integrations

  • Delphi fees

  • Propose new Vault strategy

  • Propose Vault strategy selection / creation framework

How do I vote?

  • Go to the Akropolis Delphi space on Snapshot (you can do it through Governance tab on Delphi);

  • Click on “Connect wallet” button in top right corner;

  • Connect to wallet which you use for staking of AKRO or/and ADEL on Delphi;

  • Click on the option you want to vote for;

  • Sign the message via your wallet and done.

  • Voting will be open for 3 days or 72 hours, so if it opens on Wed 1300CET, it will close on Friday 1300CET (approximately, as closing time is set by the block number).

Workflow

  • All proposals should first be discussed over the governance forum. That would give all governance participants an ability to understand all pros & cons before voting.

  • After initial discussion is completed & community agree that it should be officially voted on - team or community members can post it on Snapshot page for voting. And as it’s off-chain voting, it does not require any gas fees :)

  • After voting is completed & proposal reaches percent quorum, we will add it to our development pipeline.

How Snapshot works?

  • Creating a proposal and voting is free - no actual transaction required, only sign.

  • How to create a proposal? Please check Snapshot docs.

  • Proposals and votes are just signed messages stored on IPFS.

  • Signatures are easily verifiable online - they use the "eth_sign" format

Who can create or vote on proposals?

  • Only AKRO & ADEL stakers on Delphi can create or vote for proposals. This way we ensure that only active users have a say in Delphi initial governance.

  • 1 vote equals 1 ADEL or 83 AKRO staked. Rationale behind such weights: ADEL has a higher weight as it was introduced specifically for Delphi governance, and current weights were decided based on 28 VWAP & current solution in mind. There is no fees or revenue sharing currently in Delphi & gas fees are still high for a lot of people - different weights would mean asking people to migrate to a specific governance pool, which would add more friction.

  • Votes from both tokens are summed up, giving your final vote power. For example, 10k ADEL & 83k AKRO staked gives you 20k votes. Here is a simple calculator - just copy it if you wanna check how many tokens you need in staking to reach a certain voting power.

  • There is a minimum of 20,000 votes to create a proposal on Snapshot.

  • There is no minimum for voting.