Action Needed: Vote in the New Gauges Voting Contract Starting Epoch 28 (December 5, 00:00 UTC)!
Ecosystem
2024-12-04

Action Needed: Vote in the New Gauges Voting Contract Starting Epoch 28 (December 5, 00:00 UTC)!

The veCAKE Gauges Voting system has been upgraded to streamline operations and improve voting. As part of this update, the Gauges Voting contract has been moved to a new address.

Starting from Epoch 28 (December 5, 00:00 UTC), all users must vote again in the new gauges contract to participate in the veCAKE gauges voting. Any votes cast before this date will expire, be reset to 0, and not be counted from Epoch 28 onward. You must vote again on the new contract to continue directing CAKE emissions to your preferred pools.

Important Action Required: Vote in the New Contract from Epoch 28 (December 5, 00:00 UTC) and Beyond

  • Voting on the new contract is mandatory for all Gauges Voters starting from Epoch 28 (December 5, 00:00 UTC).
  • Votes placed on or before Epoch 27 (December 4, 00:00 UTC) will expire, reset to 0, and not count for the upcoming CAKE emissions distribution. You must vote again in the new contract from Epoch 28 (December 5, 00:00 UTC) to ensure your vote is counted.
  • If you miss voting in the new contract during Epoch 28, you can still vote in future epochs, as there’s no deadline for switching to the new contract. However, remember that votes cast before Epoch 28 will not count toward CAKE emissions in any future epochs, so be sure to start voting in the new contract from now on!

How to Vote in the New Gauges Voting Contract (from Epoch 28 onwards December 5, 00:00 UTC):

1. Ensure You Hold veCAKE:

  • To vote, you must hold veCAKE. If you’re unsure how much veCAKE you have, visit the Gauges page to check.
  • Don’t have veCAKE yet? Simply stake CAKE to receive veCAKE and gain voting power.

2. Go to the Gauges Voting Section

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  • The snapshot time and voting end time for the current epoch.
  • The total CAKE rewards will be distributed in the next epoch based on current votes.

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  • Your votes from Epoch 27 and earlier will be reset to 0, so you must vote again in the new contract.**
  • Your total veCAKE balance.

Important: If you can see your current votes appear in the "Current Votes" section under the "My Votes" dashboard from Epoch 28 onwards (December 5, 00:00 UTC) or later, you have successfully voted on the new contract.

3. Add Gauges to Your Vote:

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  • Scroll down to the "My Votes" section and click "Add Gauges".

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  • You can use filters to find specific Gauges based on blockchain, fee tiers, or liquidity types, or you can simply search for a Gauge by its token ticker.
  • In the pop-up window, you can add Gauges to your list of votes by clicking the green "+" icon next to the ones you want to support.

4. Allocate Your veCAKE Votes:

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  • After selecting the Gauges you want to vote for, you can allocate a percentage of your veCAKE to each one.
  • Remember, veCAKE decreases over time as the lock period expires, so this feature allows you to allocate your votes proportionally without needing to re-vote each epoch.
  • Your votes will carry forward automatically until you decide to adjust them.

5. Confirm and Submit Your Vote

  • Once you've selected your Gauges and allocated your veCAKE, confirm your choices and click "Submit Vote."
  • If you can see your current votes appear in the "Current Votes" section under the "My Votes" dashboard from Epoch 28 onwards (December 5, 00:00 UTC) or later, you have successfully voted on the new contract.

Please refer to this documentation here for a more detailed explanation of the voting schedule and process)

Reminder: Your Vote MUST Cast in the New Contract from Epoch 28 and Onwards!

You must vote in the new Gauges Voting contract starting from the next epoch, Epoch 28 (December 5, 00:00 UTC). Any votes cast from Epoch 27 and earlier will be reset to 0 and will not be counted for the distribution of CAKE rewards in the upcoming epoch.

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