Basic Voting

Each user can select one of three options: For, Against, Abstain. The votes cast on the Abstain choice are counted in calculating if the necessary quorum has been reached for a proposal to pass.

Let's look at the calculation in this example:

Let's consider there are 5 voters and their VP (voting power):

  • John has 10 VP

  • Mary has 5 VP

  • Dave has 8 VP

  • Andrew has 15 VP

  • Tony has 3 VP

Suppose they cast their votes on a proposal featuring four choices, For, Against, and Abstain. Each of the choices has an associated incentive:

  • For has a 100 USDT incentive

  • Against has a 60 USDT incentive

  • Abstain has a 20 USDT incentive

Here's where voters cast their votes:

  • John has 10 VP voted on the option For

  • Mary has 5 VP voted on the option Against

  • Dave has 8 VP voted on the option Abstain

  • Andrew has 15 VP voted on the option For

  • Tony has 3 VP voted on the option Against

In short, there's a combined voting power of 25 VP supporting the For option, while a total of 8 VP back the Against option. Additionally, there are 8 VP placed on the Abstain option. Let's now assess their impact on the choices by calculating the percentages.

  • John has 40.00% influence on option For

  • Andrew has 60.00% influence on option For

Whereas on option Against,

  • Mary has 62.50% influence on option Against

  • Tony has 37.50% influence on option Against

Lastly, on option Abstain

  • Dave has 100% influence on option Abstain

The incentive amount assigned to a particular choice is distributed to voters in proportion to the percentage of their influence. Referencing the provided data, the following indicates the USDT incentives each voter will receive:

  • John will receive 40 USDT

  • Andrew will receive 60 USDT

  • Mary will receive 37.5 USDT

  • Tony will receive 22.5 USDT

  • Tony will receive 20 USDT

The calculation of rewards is determined by the number of voters in proportion to the voting power held by each participant. However, voting power may vary on the voting type used in a proposal. To know more about Basic Voting, check out Snapshot docs 👉 https://docs.snapshot.org/user-guides/proposals/voting-types#basic-voting

PreviousApproval VotingNextWeighted Voting

Last updated