Provider
This page guides you step by step through the process of providing incentives on a proposal
Last updated
This page guides you step by step through the process of providing incentives on a proposal
Last updated
Providers can present incentives for any proposals on BeraVote. Becoming a provider is an open opportunity, and here is the process for how you can become one:
On the homepage, navigate to the section containing active proposals. Choose the specific proposal you want to provide with incentives.
Providing incentives is only applicable to active proposals
When you're within your chosen proposal, proceed to the incentive section and select "Add incentive" to provide rewards.
Within this section, you input the token and the corresponding amount you intend to allocate as incentives. To successfully add incentives, you are required to provide the following information:
Token Address - Enter the ERC20 token address (make sure the token contract is deployed on Berachain Bartio Testnet).
Incentive Amount - Specify the quantity of tokens you intend to allocate as incentives.
Preferred Option - Select the desired vote option where you intend to place your incentives.
Additionally, you have the option to offer incentives for the entire proposal, regardless of the specific option chosen. Simply click ✅ in the checkbox to enable adding an incentive to any option.
The subsequent steps involve signing two (2) transactions in your wallet. The first transaction is for token approval, followed by the second for adding incentives. Please note that both actions require a gas fee. You can get a drip from the faucet to get at least 1 BERA for gas transactions.
For the initial transaction, select "Approve token" to sign a message, indicating approval of the spending cap.
To complete the reward provision, select "Add Incentive," and sign the transaction to fully deposit tokens as rewards.
The act of providing incentives is irreversible, meaning that once added, incentives cannot be withdrawn.
Upon the successful completion of the transaction, a confirmation prompt will be displayed. The added incentives will be visible in the rewards section of the respective proposal.
We've recently introduced incentives! These rewards are calculated and distributed once the proposal is closed.
Here's a quick video tutorial on how to provide incentives on proposals.
