Smart Staking
On-chain Governance Infrastructure
WLTH implements on-chain governance built on Colony DAOs’ technology stack & root governance framework. We see Colony DAO as the smart contract foundation for Common Wealth’s groundbreaking Distributed Autonomous Operating System (DAOS).
Colony gives our $WLTH token governance superpowers, empowering our community with voting weight earned proportionally to the value they contribute to the DAS, and not just the size of their holdings. In addition, Colony’s pioneering “lazy consensus” methodology lets us focus on getting stuff done, instead of endless unnecessary voting. See Colony DAO for more info.
Staking For Governance
Community members wishing to propose or vote on proposals affecting the platform, protocol and community can stake $WLTH to earn voting rights. Final voting power will be based on a combination of staked $WLTH and Reputation to ensure active participation and governance.
In order to participate in Smart Staking, which will allow you rights to governance and a share in the $WLTH Fund, follow these steps:
Log into website https://app.wlth.xyz/
Select the Invest tab at the top of the page
Where Staking is mentioned, click on the highlight button that says ‘Enroll Now’
You will arrive at this page https://app.wlth.xyz/smart-staking
You may then choose to add to the staking pool or unstake from the pool. (Click add to stake or unstake depending on which you’re opting for, as this will present a drop down window where you then enter the number of $WLTH tokens you wish to stake or unstake and then confirm this by clicking add to stake again or unstake)
Approve the transaction in your wallet, ensuring to check the details and gas fees before confirming the transaction.
Note: There will be an unstaking fee of 2% with no staking lock up period.
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