Creating and voting on proposals

ANC holders that stake ANC tokens are eligible for participate in Anchor Governance. Through the GOVERN page's Polls section, stakers can vote on created governance proposals, guiding Anchor Protocol to flourish with increased capital efficiency.

The Polls section of the GOVERN page displays:

• ID: Incrementally increasing poll ID.

• Poll Type: Type of poll

• Poll Status: Current status of poll. Can be one of: In Progress, Passed, Rejected, Executed, or Expired.

• Poll Title: Title of poll

• Linear graph of voter turnout: Linear graph that visualizes the degree of governance participation for this poll, and the percentage of yes and no votes.

• Voter Turnout: Degree of governance participation for this poll

• Percentage of yes votes: Percentage of votes for this poll.

• Percentage of no votes: Percentage of votes against this poll.

• Estimated end time: Estimated time when voting for this poll will be closed.

Creating a Poll

1. Navigate to the GOVERN page.

2. Click the [Create Poll] button.

3. Select a type of proposal to create. Available options are:

• Modify Governance Parameters: Propose a parameter change in Anchor Governance.

• Spend Community Pool: Request a grant from the community pool.

• Submit Text Proposal: Submit a text proposal.

4. After inputting proposed values, click [Submit].

5. Station Extension should prompt you to sign a transaction that contains the poll creation operation. Confirm the details presented and enter your password to sign.

6. Poll creation complete.

Voting on a Poll

1. Navigate to the GOVERN page.

2. Click on the poll to vote on. The poll's status must be IN PROGRESS.

3. Click [Vote].

4. Select whether to vote for (YES) or against (NO) the proposal, along with the amount of staked ANC to use as voting power.

Staked ANC tokens utilized in on-going polls cannot be withdrawn until the poll completes. In addition, the number of ANC used in a poll vote cannot be modified after the vote has been submitted.

5. Click [Submit].

6. Station Extension should prompt you to sign a transaction that contains the vote operation. Confirm the details presented and enter your password to sign.

7. Vote complete.