How do you earn vote incentives on StakeDAO?
Academy
2024-04-29

veCAKE holders can opt to receive vote incentives from projects by voting through external bribing markets such as StakeDao, creating additional rewards for those engaging in CAKE staking. In this article, we'll walk you through the process.

Please note: This article is for educational purposes only and does not constitute financial advice. PancakeSwap does not endorse or provide vote incentives through external markets. Users should conduct their research and exercise caution when using such services.

1. Visit StakeDao’s Votemarket and select “PancakeSwap Market” in the top left corner. a.png

2. Choose the gauge you want to vote for (e.g., ETH-rswETH 0.05% V3). b.png

  • The first column shows the gauge you are voting for. Click on the “i” icon to double check the gauge address.
  • The second column shows the duration left for this gauge's incentive. You can get incentives for the next two rounds if you don’t change your vote during these rounds.
  • The third column shows the total veCAKE votes cast for this gauge.
  • The fourth and fifth column shows the APR and bi-weekly reward amounts and tokens. Note that the incentives can be in any tokens, depending on what the project incentivize.
  • Click the “More” button on the right if you want more data, such as the voting history, contracts, period rewards, and voting.

3. Click “Vote” to cast your veCAKE votes on your preferred gauges. c.png

4. You'll be redirected to PancakeSwap's Gauges voting page. stake.png In the top-left section you will find:

  • Your veCAKE (If you don’t have veCAKE, stake CAKE to get veCAKE now)
  • Snapshot time and voting end time for the current epoch.
  • The total number of CAKE rewards to be distributed in the next epoch is based on the voting results from the current epoch.
  • The total amount of veCAKE votes cast.

5. Scroll down to "My Votes" and click "Add Gauges." 1.png

6. Search for the gauge you want to vote for and click the "+" icon to add it. 2.png

7. Once you have added the gauges, you may select the percentage of your veCAKE that goes to each gauge. 3.png We use percentage as the unit of veCAKE votes because:

  • veCAKE gradually decreases with the remaining lock time. Estimating and calculating the exact number of veCAKE to vote for is impractical.
  • It is troublesome to re-vote in every upcoming epoch. Therefore, gauge voting is designed to carry your decisions throughout the upcoming epoch until you cast a new one.
  • Please refer to our full documentation for veCAKE caluclations

Confirm your decision and click "Submit vote".

8. After the voting period ends, you can claim your rewards on StakeDao’s Votemarket d.png

  • Check the gauges you've voted for with the search bar or by sorting the table by claimable rewards.
  • You MUST claim your rewards each round. Unclaimed rewards are distributed to the next rounds or refunded to the vote incentive owner once the vote incentive is completed.

Happy Voting!

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