📨 How to vote in DeXe DAO Studio

What is off-chain voting used for

Off-chain proposals facilitate ideation, discussion, and consensus-building without immediately executing on-chain actions. It allows for validating concepts and gauging community sentiment before advancing to binding on-chain proposals.

Off-chain proposals offer a risk-free environment to explore ideas, refine proposals, and gather feedback from DAO members before incurring gas costs or executing smart contracts. Three flexible voting options are available: Yes/No, Multiple Choice, and Ranking Votes.

Once consensus is achieved, off-chain proposals aligned with on-chain proposal types can seamlessly transition to that stage, enabling the execution of validated concepts on the blockchain based on community approval.

How off-chain voting works

Voting on offline proposals works as follows: when a proposal is created, a snapshot of all token holders' balances is automatically taken, and their voting power is calculated based on these balances at that moment. If you top up your governance tokens balance after the start of the voting, you will not be able to vote on that proposal from that wallet. This is done to prevent multiple voting from different wallets using the same tokens.

How to revoke my vote

You can modify your decision during the off-chain voting process by voting for a different option or withdrawing your vote entirely.

What is on-chain voting used for

On-chain voting is a governance mechanism that records results on the blockchain and triggers the execution of a transaction that performs the function specified by the proposal type. This can involve various actions, such as assigning user roles within the DAO, transferring funds from the treasury, executing custom contracts, and more. On-chain voting guarantees transparent and secure execution of decisions made through the DAO's predetermined rules and reflects the community's will.