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How to Participate in the ZEIP-23 Vote
Make your voice heard and vote with ZRX on ZEIP-23
Brent Oshiro - Feb 18
Table of Contents
Introduction
Key Points
Voting Instructions
Introduction
It’s finally here — the first opportunity to vote with your ZRX tokens to influence the development of the 0x protocol. Everyone on the 0x Core Team is extremely excited to take the first step towards truly decentralized governance. Implementing a community-driven governance process is a complex challenge and we appreciate our ecosystem’s patience in allowing us the time necessary to determine the optimal path forward in building out our governance process.
Key Points
Voting is now live at 0x.org/vote.
Voting will run for a full seven (7) days and close on February 25, at which point we will take a snapshot of the Ethereum block whose verification coincides as closely as possible with the full seven-day timeframe.
Make an informed decision — while protocol improvements carry many benefits, they are not without risks. It’s imperative that anyone who plans to vote educates themselves on what 0x Improvement Proposals (ZEIP) are, what ZEIP-23 will do to improve the 0x ecosystem, and potential risks.
This is an early step towards decentralized governance, and while we don’t anticipate issues with the voting process, we also want to set the right expectation that we consider the entire process an early “alpha” and look forward to the learnings that will come from it.
ZRX tokens and votes have a 1:1 ratio. For example, if you hold 1,000 ZRX tokens, you will have an equivalent 1,000 votes towards the outcome of whether ZEIP-23 is approved or denied.
Voting is free (i.e. does not cost any Ethereum gas) and does not lock up the ZRX tokens used to vote. However, in order for all of your votes to count at the end of the voting session, you must maintain the same balance of ZRX in the same wallet address that you originally voted with.
Feel free to ask any questions you have about ZEIPs, ZEIP-23, or the voting process in the comments below or on our official Discord Chat.
Voting Instructions
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Visit 0x.org/vote. You will see the dashboard below with information about the vote including A) what is being voted on, B) a summary of the benefits and risks of the ZEIP, C) how much time is remaining in the voting period, and D) the current results of the vote, as well as how many votes were cast. Dashboard information is refreshed every hour.
Click the E) Vote button to begin the voting process.
https://blog.0xproject.com/how-to-participate-in-the-zeip-23-vote-eaa861298033