Community Referendums provide a community voice in the Global Governance Model (GGM) to all Unifi holders.
Unifi Community Referendums poll all Ethereum Unifi holders on matters involving the Unifi Protocol across all supported blockchains. These informal referendums can cover a wide range of topics, such as suggestions for new uTrade features or voting on various developer bounty submissions. Referendums allow Unifi holders to build community consensus and gauge the interest of other Unifi holders in the presented topic. Community Referendums are non-binding and can be created by any Unifi holder meeting a minimum balance of Unifi tokens. Specific outcomes such as overall voting result, number of participating addresses, and total percentage of circulating Unifi to vote on a topic will help measure the importance of each submitted topic.
Liquidity providers on the Unifi-ETH Super pair are also eligible to vote with their liquidity tokens (uUnifi). This means you can either stake your Unifi or provide liquidity to gain rewards AND be eligible to vote in referendums.
- Please note: Only Unifi and uUnifi, in your wallet, or Unifi participating in staking at the time of a specific referendum’s creation and snapshot, can vote in that specific referendum. Unifi purchased or claimed after a referendum was created will only be eligible to vote on future referendums.
Visit our medium channel here for more details on how referendums work.