Provider

This page guides you step by step through the process of providing incentives on a proposal

Providers can present incentive proposals for any Snapshot proposal within our platform. Becoming a provider is an open opportunity, and here is the process for how you can become one:

1. Choose a space with an active proposal

To access your preferred space, click on "Active Proposals" on the homepage, which will filter spaces with ongoing proposals. Within the browse tab, locate the space by name where the proposal is active and select your desired space.

2. Click an active proposal

Select the proposal you wish to provide incentives for.

Offering incentives exclusively applicable to active proposals

3. Add token incentives

When you're within your chosen proposal, proceed to the incentive section and select "Add incentive" to provide rewards.

4. Approving tokens and Adding incentives

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:

1. Token Address - Enter the ERC20 token address (currently supporting tokens in the Ethereum, Arbitrum, Base, Polygon, and Optimism listed on CoinGecko).

2. Incentive Amount - Specify the quantity of tokens you intend to allocate as incentives. Note that there is a minimum requirement of tokens equivalent to 1 USD.

3. 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.

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The act of providing incentives is irreversible, meaning that once added, incentives cannot be withdrawn.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. The next step involves understanding how to become eligible to claim these rewards, that is, becoming a voter.