🗳️Governance

The Autofarm governance voting system (https://autofarm.network/voting/) — is the latest protocol development that takes us one step closer towards becoming a truly decentralized protocol.

Autofarm’s foremost governance proposal went live on 8th July 2021 at 10 am UTC. The proposal invited AUTO stakers to take part in determining the percentage allocation of AUTO burns and revenue directed to AUTO stakers. From this vote, in the last week of each month.

Checkout the fee section on our gitbook for the current fee allocation:

Fees

Outcome first vote

Who can vote?

All stakeholders who have AUTO staked in the single AUTO vault are eligible to cast their votes on proposals. Each user (wallet address) is entitled to 1 vote and votes are weighted proportionally to the amount of AUTO staked in the vault.