Still confused - how do I participate in a vote and how are rewards dispersed?

[athm42]

The FAQ doesn't go over any of this.

Do I have to initiate a vote on a proposal to get any rewards from it?

What if I vote no, and the majority votes yes, and the contract is profitable, do I still get rewards?

What happens if I just let my tokens sit and don't interact with it? Would I get any rewards from successful proposals?

Do I have to use ALL my tokens in a vote or can I partially use them?

[stevenh512]

When there is a proposal to vote on, you call the "vote" function from your wallet with the proposal ID and whether you are voting for or against it.

You don't have to vote on a proposal to get any rewards from it. If you have tokens when the proposal is passed and executed, you are invested in that proposal proportional to your share of the total existing tokens.

Your tokens are yours forever, unless you burn them in a split or trade them on an exchange. You're not really "using" them to vote, the contract is just checking your balance and using that to assign a weight to your vote. If you have 1000 tokens but you only want to vote with 100 weight, send 100 to another address and vote with that address.. but I'm not sure why (unless you're hedging some tokens for a possible split) you'd want to vote with less than your full balance.

[athm42]

So just to be clear, I can just let my token sit there and be a passive entity, and still get rewards even if I don't vote?

[stevenh512]

Yes, as long as you hold your tokens, you are investing in everything the DAO invests in (and rejecting every proposal the DAO rejects) whether you vote or not.

It's not exactly the same scenario, but you could think of it like owning shares of a company. Your shares give you the right to vote and the right to collect dividends, it's in your best interest as a shareholder to vote, but you don't have to vote to collect your dividends.

[athm42]

Thanks for the clarification

[Meant2Hold]

Thank you for posting this bit of an explanation, very helpful. Can you elaborate further or point to a resource that gives a bit more detail (for a crypto' novice)? For example, is there a way to set up a listener for proposals available for voting, and is that functionality available in the Mist wallet? Cheers

[stevenh512]

The DAO contract fires an event called "ProposalAdded" whenever a new proposal is submitted. As far as I'm aware, from experimentation on testnet, Mist doesn't give you any notifications about this event like it would a "Transfer" event that shows a transfer of tokens to or from your account (in the latter case, I automatically get a desktop notification in Linux, not sure about any other OS).

Since it does fire an event, you should be able to keep track of them in javascript (for example, on a web page or in a node.js application) with web3.js, but I haven't tried that, so I don't have any specifics.

[Meant2Hold]

Thank you for this info Steve!

[xxeyes]

I think I understand that rewards are associated with your DAO tokens. Each DAO token pays rewards to the address that holds them for every proposal that the DAO has invested in. When you split, you burn your DAO tokens and get new DAO tokens pertaining to your fork. The rewards are now associated with these forked DAO tokens. Are these forked DAO tokens tradable? I assume not because each forked DAO will be different, so there is no fungibility. Only the original unforked DAO tokens will be fungible with one another. Is this all correct?

[calibitcoin]

Why would someone not use their full "weight" for a vote?

[GroTheNetwork]

There are currently 5 proposals - after the vote, and I don't know where to find out when voting ends - can only one of the proposals be approved or is it possible that more than one proposal can pass during this round of voting?

[thecryptofiend]

This is a useful site:

https://dao.report/

[betterthanever]

thank you. there is still a lot of confusion on how voting works, this clears up things for many.

has anyone tried voting from myetherwallet.com yet?

[thecryptofiend]

Yes. I've tried it. It really makes the process quite easy. Give it a go.

[himalayanguru]

This is how you vote.

[Meant2Hold]

Can this operation be performed from the a Mist account as well? or must the voting be done in MyEtherWallet?
Cheers!

[himalayanguru]

you can do on Mist and myetherwall. I personally haven't used Mist yet.