Using vBNT as a governance token to vote in proposals

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vBNT is the governance token for Bancor. Users who stake BNT tokens will get vBNT in return, which is used to vote in the Bancor DAO, on-chain using Snapshot.

Step 1 - Stake your vBNT

When using vBNT to vote, you will need to deposit your vBNT in the governance contract as a first step. This is done using the vote page and clicking on "Stake Tokens".  When withdrawing, there’s a 72-hour lockup period to withdraw vBNT from the governance contract.

Step 2 - Vote on Snapshot
You can see all the active proposals and cast your vote. See Bancor Governance Voting GuideScreenshot_2022-05-23_at_5.45.18_PM.png 1. Join as a member
2. Choose an Active Proposal
3. Cast your vote

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