🗒️Claim voting process
Every user can see Active Claims in the Claims Assessment tab of the app, and they can open the Claims to see the evidence uploaded by the Claimant.
Votes are anonymous and encrypted.
Voting utilizes game theory mechanics.
In order to vote, Users have to stake native DEIN tokens, receive DEIN Native Staking NFT in return, and lock them in the voting contract.
Voters need to confirm their vote in the second phase of voting or will suffer a penalty.
Voters may vote on multiple Claims before submitting all of them in a batch send. This is to save time and gas fees.
Votes are weighted based on the voter's Voting Power - it also determines the number of rewards and penalties received.
Users, to vote, have to receive their reputation and DEIN rewards from all previous votes first (including penalties).
What are the phases of voting?
In the first phase, users can review the evidence presented by the Claimant and add their votes to accept or deny the claim within a 7-day period. Votes are anonymous, and users need to stake DEIN tokens, receive DEIN staking NFTs, and lock them in the voting contract to vote. In the second phase, which also lasts 7 days, users who voted in the first phase must confirm their votes to avoid penalties. After 2 weeks, the claimant is allowed to reveal the result of the vote for which they have 4 days. If they fail to do so, anyone can reveal the outcome during an additional 6-day period, and receive additional rewards.
How can I vote?
After staking DEIN tokens in the DIEN Native Staking Contract, users receive DEIN Native Staking NFTs as proof of their position in the DEIN Native Staking Contract. These NFTs can be further staked in the voting process to vote on claims.
Where can I stake?
Staking native DEIN tokens can be done at LINK
Where can I vote?
Head over to LINK
Do I get rewards for voting?
Yes. You can read more on the rewards in the next gitbook section:
🎁Reputation and reward systemHow are claims determined?
A claim requires a 66% majority to be passed. Additionally, for the voting to be valid (whether approved or denied), at least 10% of the total value of the locked DEIN NFTs must be participating in the voting process.
What happens if my claim is approved or denied?
If your claim is approved, the final payout is determined by the weighted average of the DEIN Native Staking NFTs Voting Powers and their respective votes. In the case of a denied claim, you still have the option to Appeal by depositing an additional 1% of the claim's value, with trusted voters being the only ones eligible to vote on Appeals.
How is fraudulent voting prevented?
The multi-phase voting system incorporates incentives and punishment measures to promote fair and honest voting. Users who vote in the majority are rewarded, while those in the minority may face reputation loss and decreased voting power. Furthermore, users who vote against a large majority may have a portion of their stake confiscated and added to the Treasury. The DEIN team does not influence voting; only DEIN stakers can participate in the voting process.
Can the DEIN team influence voting?
No, the only people who participate in voting are the Native Stakers. No one else can affect the outcome of a vote.
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