Bids
Users can review active bids on Hydro. Each bid represents a project seeking liquidity and offering tribute (rewards) to voters.
Users can vote on one bid. If a user tries to vote for more than one bid, they will be prompted to change their vote, as only one bid per tranche can be selected.
Once a user selects a bid, their entire available voting power is used to support it. The voting power remains locked until the end of the voting round.
If a user decides to change their vote within the same tranche, they can do so before the voting period ends. They can still only vote for one bid in the tranche.
Once the voting round concludes, tribute (rewards) is distributed to voters based on the amount of voting power they used to support the winning bids.
Custom Durations
Users need to consider the duration of each bid. Protocol-owned liquidity (PoL) represents the liquidity allocated by Hydro to support projects, and the bid duration determines how long the liquidity will remain with the project.
Your locked ATOM duration must match or exceed the bid duration of the bid you want to vote for. For example, a bid has a duration of 3 months, but your lockup is only for 1 month; you won’t be able to vote for that bid.
To vote for bids with longer bid durations, you must extend your ATOM lockup to meet or exceed the required duration.
- Navigate to the Lockups page
- Choose the “Edit Lockup” option
- Confirm the transaction in your wallet
By aligning your lockup duration with bid durations, you can participate in the governance process and support the projects you believe in.
Tribute
Tribute are distributed at the end of each voting round based on the amount of voting power locked in support of each project by each user. Here’s how the process works:
- A project posts a tribute to incentivize users
- Users lock-Up & vote
- Tribute is distributed based on the voting power
The more voting power you lock, the higher your voting power and the greater your share of the tribute. Tributes are financial rewards and can include tokens, liquidity, or other incentives based on the project’s offering.
You may not receive tribute if:
- The bid fails to meet the minimum vote threshold.
- The bid does not meet the minimum tribute floor.
- The bidder does not meet accountability requirements.
Please check the bid details carefully to ensure your vote supports a valid bid.