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Governance (veSDT / vlSDT)

veSDT holders govern the Stake DAO protocol through on-chain and off-chain voting mechanisms.

Governance Process

Protocol decisions are made through the stakedao.eth Snapshot space. Proposal discussions and drafts are maintained on the Stake DAO Governance Forum.

To participate in governance:

  1. Hold veSDT or vlSDT
  2. Review active proposals on Snapshot
  3. Cast your vote before the voting period ends

Voting with vlSDT

vlSDT is the new staking system that replaces veSDT. vlSDT provides flat voting power (no decay), so 1 staked SDT = 1 vote at all times.

Both veSDT and vlSDT holders vote on the stakedao.eth Snapshot space — there's no migration deadline and both balances count. But boost on sdToken vaults now comes from vlSDT only — see the Liquid Lockers boost formula. If you're holding veSDT and want to keep earning boosted sdToken rewards, migrate to vlSDT.

vlSDT holders can:

  • Vote on protocol proposals with flat (non-decaying) voting power
  • Boost rewards on sdToken vaults (vlSDT is now the only source of this boost)
  • Earn protocol fees through the FeeDistributor

See the vlSDT overview for details on the new system.