Voting power

What are "votes"?

Unlike the widely known vote-escrow model, which enables users to acquire veTKN for every TKN staked, Jellyverse's system directly links voting power to each chest. Therefore, each chest displays the number of votes a user can allocate to a proposal.

This approach removes the need to issue a secondary token, allows to reward long term commitment (higher freezing period) with more voting power and to value the remaining freezing period as its face value.

Users can increase their voting power by extending their freezing period or adding more JLY to the chest.