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Decoding a Referendum
The information about a proposal is divided into four sections -
- This section is used to provide the complete context about the referendum and enable the community to discuss about it.
- The description will be the same as the discussion, proposal or motion to which the referendum is linked
- The timeline provides a view of the timestamps of when a referendum was initiated as a discussion, followed by its evolution through various stages of a proposal and its culmination into a referendum
- The entire metadata and on chain arguments for a referendum can be viewed in this section
- Users can also look at earlier proposals proposed by the author, and do their due diligence from this section
- A Referendum will have two tags next to it, the kind of majority required for it to pass (Simple Majority / Super Majority Approve / Super Majority Against) and its current status (Passing / Failing).
- The current status of the proposal is defined as Passing if it satisfies the majority voting condition and has the required turnout for the vote to pass
- The votes are calculated by taking conviction into account
- The vote contribution is the vote amount * conviction
- The list of votes casted can be found below the proposal