Conviction voting
A system that exchanges a longer token lock for greater voting influence.
In plain language
A voter may choose no conviction or a conviction level. Higher levels multiply voting power but keep the voted balance locked for longer after the referendum.
Why it matters
Raw VARA and effective voting power can differ substantially.
Real Vara examples
| Referendum | Governance | Execution | Direct addresses |
|---|---|---|---|
| #87 Validator Grant #1: Ray0xNodes Vara token holders approved a Gear Foundation-funded $18,000 grant supporting twelve Ray0xNodes validators for twelve months. | Executed | Dispatch succeeded | 20 |