1/ Introducing our mechanics series, explaining different aspects of the #hotairfinance protocol.
Part 1: High-level explanation 👨🏭
Free $HAF tokens are unlocked from the treasury every 24h. They can be claimed by all holders that have validated their $HAF balance in our app.
4/ After the 3-day voting period has concluded, the vote is processed, enforcing the result in a trustless manner.
Subsequently, a new season starts with the reward period.
5/ It is not possible to increase the season budget (amount of $HAF dropped over a season) as a passing vote only replenishes the amount dropped in the current season.
4/ There are two options for the outcome of the vote
Vote yes: New tokens are minted to refill the treasury by the number of tokens dropped during the reward period of the current season.
Vote no: No tokens are added to the treasury and the next season starts.
3/ During this DAO vote, $HAF holders can cast their votes on the amount tokens dropped in the next season (season budget).
The voting takes place in the vote section of the Hot Air Finance web app.
2/ The DAO vote takes place every season during a 3-day voting period that starts right after every 30-day reward period.
All validated $HAF holders are eligible to take part.
1/ Our first DAO vote deciding the amount of rewards for the next season is starting today! ✍️
This is a small thread explaining everything you need to know 📝
$HAF SEASON TWO has officially begun 📈
Thank you to everyone that participated in the #DAO vote! 🙏
We are backing to dropping rewards so make sure to start claiming again today to keep up your streaks!
#CLAIMHAF#SolanaCommunity#Solana
24 HOURS left to vote in our first #DAO vote ✍️
Head to https://t.co/MZS0XqdNwS to cast your vote ✅
Read our latest Twitter thread if you need an explainer on our vote 🗒️
Season 2 rewards will start shortly so get yourself some $HAF and register in our web app!
#CLAIMHAF
8/ Make sure to go to https://t.co/kq9vyrl1pT to cast your votes if you are already registered!
If you are not registered yet, this is a great time to join and start claiming your rewards in 3 days when the next $HAF season begins!
#CLAIMHAF
1/ Our first DAO vote deciding the amount of $HAF rewards for the next season is starting today! ✍️
This is a small thread explaining everything you need to know 📝
#CLAIMHAF#Solana#DAO#SolanaCommunity