Voting

Learn how to participate in MemeTrade governance by voting on proposals that shape the platform's future. This guide covers everything from connecting your wallet to understanding voting strategies.

Note: The governance feature is currently under development and is based on the OpenZeppelin Governor framework. It is not live yet, but once launched, it will enable community participation in decision-making processes.

Getting Started

Prerequisites

Required:

  • Web3 wallet (MetaMask, Coinbase Wallet, etc.)

  • Base network added to your wallet

  • $MEME tokens or LP tokens for voting power

Recommended:

  • Join governance discussions on Discord/Forum

  • Read active proposals thoroughly

  • Understand the implications of each vote

Step 1: Connect to Governance Portal

  1. Visit Governance Portal

  2. Connect Your Wallet

    • Click "Connect Wallet" button

    • Select your wallet provider

    • Approve the connection

  3. Verify Voting Power

    • Your voting power will display automatically

    • Includes $MEME balance, LP positions, and reputation bonuses

Understanding Voting Power

Voting Power Sources

$MEME Token Balance

Base Voting Power = Your $MEME Balance × 1.0

Liquidity Provider Positions

LP Voting Power = LP Token Value × 1.5 × Time Multiplier
Time Multiplier = min(days_providing_liquidity / 30, 2.0)

Reputation Score

Reputation Bonus = Activity Score × (1.0 to 1.2 multiplier)
Activity includes: trading volume, token creation, community participation

Total Calculation

Total Voting Power = $MEME Power + LP Power + Reputation Bonus

Checking Your Voting Power

On Governance Portal:

  1. Navigate to "How to Vote"

  2. View "Your Voting Status"

Voting Power Breakdown Example:

$MEME Tokens:        50,000 × 1.0    = 50,000 votes
LP Positions:        25,000 × 1.5    = 37,500 votes
Reputation Bonus:    10,000 × 1.1    = 11,000 votes
Time Multiplier:     ×1.8 (54 days)  = ×1.8
Total Voting Power:                   = 177,300 votes

How to Vote

  1. Connect Your Wallet: Ensure your wallet is connected to the MemeTrade platform.

  2. Delegate Your Tokens: Delegate your $MEME tokens to activate voting power.

  3. Access Governance Portal: Visit the Governance Portal to view active proposals.

  4. Review Proposals: Understand the details and implications of each proposal.

  5. Cast Your Vote: Use your delegated voting power to vote for or against proposals.

  6. Join Discussions: Engage in governance discussions on Discord/Forum to share your insights and opinions.

Step 1: Connect to Governance Portal

  • Web Users: Connect your Web3 wallet directly to memetrade.com/governance

  • Mobile App Users: Open the governance portal in your browser and connect via QR code with your MemeTrade mobile wallet

⚠️ Important for Mobile Users: The mobile app doesn't support voting directly. You must use the website and connect your mobile wallet via QR code to participate in governance.

Step 2: Delegate Your Voting Power

🚨 CRITICAL STEP: Before you can vote, you must delegate your $MEME tokens to activate voting power.

Self-Delegation (Recommended)

  1. Visit the "How to Vote" section on the governance portal

  2. Click "Delegate Votes" or "Change Delegation"

  3. Select "Yourself" in the delegation modal

  4. Sign the delegation transaction with your wallet

  5. Wait for transaction confirmation

Delegate to Another Address

  1. Choose an experienced delegate from the community

  2. Enter their address in the delegation modal

  3. Sign the delegation transaction

  4. Monitor how they vote on your behalf

📱 For Mobile Wallet Users: You'll see a QR code to sign the delegation transaction with your MemeTrade mobile app.

Step 3: Review Proposals

  • Browse active proposals and understand their impact.

  • Join governance discussions on Discord/Forum.

Step 4: Cast Your Vote

  • Use your delegated voting power to vote on proposals.

  • Monitor proposal outcomes and participate in follow-up discussions.

Voting Strategies

Research Best Practices

Before Voting:

  1. Read the Full Proposal

    • Don't just read the summary

    • Understand technical implications

    • Review implementation timeline

  2. Check Community Sentiment

    • Read forum discussions

    • Monitor Discord conversations

    • Consider different perspectives

  3. Assess Impact

    • How does this affect you personally?

    • What are the platform-wide implications?

    • Are there unintended consequences?

  4. Review Historical Context

    • Check proposer's track record

    • See how similar proposals performed

    • Understand broader governance trends

Voting Considerations

For Standard Proposals:

  • Does this improve the platform?

  • Are the benefits worth the risks?

  • Is the implementation plan realistic?

  • Do you trust the proposer?

For Parameter Changes:

  • How do new parameters compare to current ones?

  • Will this affect your trading/LP strategies?

  • Are the changes reversible if needed?

  • Is there community consensus?

For Contract Upgrades:

  • Have the contracts been audited?

  • Is there a bug bounty period?

  • Are emergency procedures in place?

  • Is the upgrade necessary?

For Treasury Proposals:

  • Is the funding request reasonable?

  • Will this benefit the entire community?

  • Are there clear success metrics?

  • Is there accountability built-in?

Common Voting Patterns

Conservative Voting

  • Prefer status quo unless compelling reason to change

  • Vote against risky or experimental proposals

  • Support incremental improvements

  • Prioritize platform stability

Progressive Voting

  • Support innovation and new features

  • Willing to accept higher risk for higher reward

  • Vote for community growth initiatives

  • Embrace platform evolution

Balanced Voting

  • Evaluate each proposal independently

  • Consider both short and long-term impacts

  • Support well-researched proposals

  • Oppose rushed or poorly planned changes

Delegation

⚠️ DELEGATION IS REQUIRED: You cannot vote in governance until you delegate your $MEME tokens, even if you delegate to yourself.

Why Delegation is Required

Governance systems use delegated voting power rather than raw token balances for security and gas efficiency. This creates checkpointed balances that prevent voting power manipulation during proposal periods.

Mobile Wallet Delegation Process

Since the MemeTrade mobile app uses WebAuthn wallets, delegation requires using the web interface:

Step-by-Step Mobile Delegation

  1. Open Browser: Visit memetrade.com/governance in your browser

  2. Connect Mobile Wallet: Click "Connect Wallet" and scan the QR code with your MemeTrade mobile app

  3. Navigate to Voting: Go to the "How to Vote" tab

  4. Click Delegate: Click "Delegate Votes" or "Change Delegation"

  5. Choose Option: Select "Yourself" for self-delegation or enter another address

  6. Sign Transaction: A QR code will appear - scan it with your mobile app to sign the delegation transaction

  7. Wait for Confirmation: Your voting power will be activated once the transaction confirms

When to Delegate

Self-Delegation (Recommended for Most Users):

  • You want to vote directly on all proposals

  • You have time to research governance decisions

  • You want full control over your voting power

  • You're new to the platform and learning

Delegate to Others If:

  • You don't have time to research every proposal

  • You lack technical expertise for complex proposals

  • You travel frequently and might miss votes

  • You want to support experienced community members

How to Change Delegation

You can change your delegation at any time:

  1. Visit Governance Portal: Go to the "How to Vote" section

  2. Click Change Delegation: Update your current delegation

  3. Select New Delegate: Choose yourself or another address

  4. Sign Transaction: Use your mobile wallet via QR code to confirm

  5. Immediate Effect: Changes take effect for future voting periods

Finding Delegates

Community Delegates:

  • Active community members who accept delegations

  • Check Discord #governance channel for delegate announcements

  • Look for users with consistent proposal discussion participation

Delegate Evaluation Criteria:

  • Voting participation rate (aim for >80%)

  • Clear explanation of their voting rationale

  • Alignment with your values and priorities

  • Responsiveness to delegator feedback

Delegate Profiles Example

┌─────────────────────────────────────────────┐
│ Alice Chen (@alicedefi)                     │
│ Delegate since: Jan 2024                    │
│                                             │
│ Voting Power: 2.3M votes (450 delegators)  │
│ Participation: 98% (49/50 proposals)       │
│                                             │
│ Philosophy: Focus on technical excellence   │
│ and conservative risk management            │
│                                             │
│ Recent Votes:                               │
│ • MTP-003: FOR - "Well audited upgrade"    │
│ • MTP-002: AGAINST - "Too risky for now"   │
│ • MTP-001: FOR - "Data supports change"    │
│                                             │
│ [ Delegate to Alice ] [ View Full Profile ] │
└─────────────────────────────────────────────┘

Voting Rewards & Incentives

Earning Voting Rewards

Base Voting Rewards

  • 10 $MEME per proposal voted on

  • Automatic distribution after vote

  • No minimum voting power required

Bonus Multipliers

  • Consistency Bonus: 2x for >80% participation

  • Early Voting Bonus: 1.5x for voting in first 48 hours

  • Discussion Bonus: Extra rewards for thoughtful forum posts

Calculation Example

Base Reward:           10 $MEME
Early Voting (1.5x):   15 $MEME
High Participation:     30 $MEME (2x consistency bonus)
Discussion Bonus:      +5 $MEME
Total Reward:          35 $MEME per proposal

Maximizing Rewards

  1. Vote Early: Submit votes within 48 hours

  2. Vote Consistently: Participate in >80% of proposals

  3. Engage in Discussion: Post thoughtful comments

  4. Delegate Wisely: Choose active, engaged delegates

Voting Security

Protecting Your Votes

Wallet Security

  • Use hardware wallets for large holdings

  • Never share private keys or seed phrases

  • Verify all transaction details before signing

  • Keep wallet software updated

Governance Security

  • Always verify you're on the official governance portal

  • Check proposal details match forum discussions

  • Be suspicious of last-minute proposal changes

  • Report suspicious activity immediately

Delegation Security

  • Research delegates thoroughly before delegating

  • Monitor delegate activity regularly

  • Don't delegate to unknown or inactive delegates

  • Keep some voting power for important proposals

Common Security Risks

Phishing Attacks

  • Fake governance portals

  • Malicious links in Discord/Telegram

  • Impersonation of official accounts

  • Always verify URLs: memetrade.com/governance

Vote Buying

  • Offers to buy your voting power

  • Bribes for specific votes

  • Report to governance moderators

  • Never accept payment for votes

Delegation Risks

  • Delegates acting against your interests

  • Inactive or compromised delegates

  • Delegates changing philosophy without notice

  • Regular monitoring prevents issues

Troubleshooting

Common Voting Issues

"Insufficient Voting Power"

  • Check your $MEME balance

  • Verify you're on correct network (Base)

  • Ensure tokens aren't locked in other contracts

  • Contact support if balances look wrong

"Transaction Failed"

  • Increase gas fees and retry

  • Check network congestion

  • Verify wallet has enough ETH for gas

  • Try voting again in a few minutes

"Proposal Not Found"

  • Refresh the page

  • Check if proposal ended

  • Verify you're on the right network

  • Clear browser cache

"Vote Not Counted"

  • Check transaction was confirmed

  • Verify on block explorer

  • Wait a few minutes for indexing

  • Contact support with transaction hash

Getting Help

Support Channels

  • Discord: #governance-support channel

  • Forum: memetrade.com/governance/support

  • Email: [email protected]

  • Documentation: This guide and FAQ

Before Contacting Support

  1. Check your transaction on BaseScan

  2. Verify wallet connection and network

  3. Try refreshing page and reconnecting wallet

  4. Check if issue is network-wide on status page

Advanced Voting Features

Snapshot Voting

Off-chain Proposals

  • Community sentiment polls

  • Non-binding temperature checks

  • Quick feedback on ideas

  • Lower cost participation

How to Participate

  1. Visit snapshot.org/#/memetrade.eth

  2. Connect your wallet

  3. Vote on active proposals

  4. Participate in discussions

Vote Delegation Strategies

Partial Delegation

  • Delegate some voting power, keep some direct

  • Useful for different types of proposals

  • Maintain control over important votes

Multiple Delegates

  • Split voting power among several delegates

  • Diversify governance participation

  • Reduce single point of failure

Conditional Delegation

  • Instructions for delegates on specific issues

  • Automatic vote switching based on criteria

  • Advanced feature for sophisticated users

Ready to Vote?

  1. Connect your wallet to memetrade.com/governance

  2. Review active proposals on the homepage

  3. Cast your first vote and earn rewards

  4. Join the discussion on Discord and forums

Your vote matters! Every participation helps build a stronger, more decentralized MemeTrade platform.

Next Steps:

Stay tuned for updates on the governance feature launch and how you can participate in shaping the future of MemeTrade.

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