Governance voting in Aquarius

Aquarius Governance allows AQUA holders to change how the protocol should work through proposals and voting wallets. Anyone can put forward a proposal for the community to vote on, but keep in mind that if the proposal doesn’t benefit the Aquarius or Stellar ecosystem, AQUA holders are unlikely to vote for it.

1) Go to AQUA overview on LOBSTR and tap "Governance".

2) Connect to Aquarius via WalletConnect or LOBSTR signer extension.

3) Here you can vote on active proposals with AQUA or governICE or create a discussion to publish your own proposal.

How long is AQUA locked when used for voting?

All AQUA used for voting is locked until voting ends using claimable balances.

The unlock time for AQUA governance votes depends on how quickly a vote occurs after a proposal is published. The unlock logic takes the time difference between a proposal’s start time and when a vote occurs and multiplies it by two. This multiplied time is added to the end of a proposal’s vote period, giving a final unlock time.

For example, a user who votes 3.5 days into a voting period will have those days multiplied by 2, giving 7 days. Therefore the AQUA used to vote will unlock 7 days after the proposal vote ends.

How long is ICE locked when used for voting?

Unlike AQUA tokens, ICE tokens unlock immediately upon the end of a proposal and can be used instantly on other proposals if any are active for voting. 

How to create a proposal?

To start the process, click the "Create Discussion" button. Provide all necessary information, including the title, Discord information, and proposal content. Ensure you give as much detail as possible, especially the implementation plan. A fee of 100,000 AQUA is needed to create a proposal discussion. 

Before a proposal can be published, discussions must take place. The mandatory 7-day discussion phase allows for gathering feedback and more in-depth talks between proposal creators and the wider AQUA community.

After 7 days of discussions, creators can publish their proposals for a vote. Creators will only see the Publish option once the minimum discussion phase has passed. To move a discussion to the publishing phase requires a further 900,000 AQUA. Any edits cost a fee of 100,000 AQUA, so ensure proposals are thoroughly thought out & complete before submitting.

Any proposals that reach a quorum of 10% of the current circulating AQUA + ICE supply & gain more than 50% of “for” votes are accepted and their creators are rewarded with 1,500,000 AQUA. 

Learn more: Aquarius governance