How to use LuaSwap Snapshot for governance voting

Holding the LUA/xLUA token means holding a share in the governance of the protocol. All LUA/xLUA holders can decide the subsequent chains to implement LuaSwap on, how much LUA to distribute to LPs...

Create a proposal on LuaSwap Snapshot

Step 1: Go to https://luaswap.org

then click on Using LUA/xLUA to vote on LuaSwap proposals in the Governance tab

Step 2: Connect your wallet

Note: You need to have at least 1 LUA in your wallet to be able to create a proposal on LuaSwap Snapshot. Keep the LUA balance greater than 1LUA on the snapshot block to ensure the proposal is valid.

Step 3: Click on “New proposal” button

Step 4: Fill out the information

Fill out the Title and your community proposal. Select the desired voting options

Select the start date/the end date

Fill out the Snapshot block number (further detail below) then choose " Publish"

Vote on a proposal

Currently, the LuaSwap snapshot allows users to vote with both LUA and xLUA for governance

Step 1: Go to https://snapshot.luaswap.org and make sure you connect with wallet provider where you hold relevant token

Step 2: Choose the proposal then click on the option you want to vote for

Note: A user’s voting power is based on the snapshot of unlocked LUA balance in his/her account at the snapshot block in the proposal's information page.

Step 3: Sign the message via your wallet and done.

Snapshot block number

This number is important to lock the state of community members who are able to vote.

Meaning that if you attempt to vote on a proposal and block number is in the past, and you weren't holding required token yet, your vote will not be counted.

H = h + ((t1 — t0) / a)

Where:

  • H = target block height

  • h = current block height

  • t0 = current timestamp (in seconds)

  • t1 = target timestamp (in seconds)

  • a = average time to solve a block (in seconds)

Or...

last_block_number + ((future_time - time_now) / block_time)

So, for example, using a current epoch time of 1481214124, the epoch time of 1482537600 for midnight Christmas Eve, and the last block of 2771338:

2771338 + ((1482537600 - 1481214124) / 14) = 2865872

Or just look at etherscan.io/blocks and use the last block number.

Source: Snapshot Docs