Governance

The Governance page displays operations related to MIR staking and creating / voting on polls. For more details regarding the Mirror Governance process, click here.

Governance Main

The Governance page displays the following data:

• Market information about MIR Staking: Information about current staked MIR in the market, staking ratio and maximum APR are displayed. To learn how APR for governance is calculated, refer to this page.

• MIR Staking Position: MIR staking pool box displays user's staked and unstaked MIR balances.

• Poll History: Each poll has a unique poll ID, poll type (whitelist or parameter change), poll result, voting ratio, and end time.

Stake / Unstake MIR Tokens

MIR tokens are distributed as a reward for staked LP tokens, which are generated when users provide liquidity. Click here to learn more about staking LP tokens.

In order to vote on governance polls, MIR must be staked to be used as voting power.

1. Navigate to the Governance page and click Stake

2. Select either Stake / Unstake

3. Enter amount to Stake or Unstake

MIR tokens that are voted to on-going governance polls will be unstakable when the voting period is over.

4. Click STAKE / UNSTAKE. Station Extension should prompt you to sign the transaction. Confirm the details presented and input your password to sign.

Create Poll

1. Navigate to the Governance page and click Create Poll.

2. Select a poll type to submit.

3. After entering desired inputs, click the activated button to confirm.

5. Station Extension should prompt you to sign the transaction. Confirm the details presented and input your password to sign.

Vote on Poll

1. Navigate to the Governance page and select a poll that is In Progress.

2. After checking the details of this poll, click Vote

3. Select YES, NO or ABSTAIN, and enter the amount to use as voting power.

5. Click Submit to confirm. Station Extension should prompt you to sign the transaction. Confirm the details presented and input your password to sign.

For every poll to be passed, they must meet the conditions below:

• Voting quorum must be greater than or equal to quorum (initially set to 10% on Mainnet) of the total staked MIR. Regardless of YES ratio, the poll will not pass if it does not meet the quorum.

• YES votes must be greater than NO votes

• Voting period (number of blocks corresponding to 1 week) has ended

• After the voting period is over and the poll passes, it takes 1 day (number of blocks corresponding to a day) for the poll to become effective in the protocol.