🤝ICE delegation - let the experts maximize returns
Overview
Aquarius ICE delegation system is created to let ICE holders transfer their tokens to trusted delegates. The delegates will vote on their behalf following a selected strategy so the holders won't have to care about utilizing their voting power.
This feature pursues 3 major goals:
Improve the UX and maximize returns for ICE holders
Increase ICE utilization and reduce the amount of unused voting power
Provide extra source of income for active protocol users
Being a Delegator
A delegator is someone who delegates their ICE.
Anyone who holds ICE can become a delegator
A delegator can delegate ICE to multiple delegates
A delegator can withdraw their ICE at any time after a 24-hour period since delegation
If a delegate votes for a market with bribes, these bribes will be sent directly to the delegator
A delegator can delegate their ICE to either a delegate whitelisted (recommended) by Aquarius chosen from the interface or to a custom delegate (any address) of their choice
A delegator can then monitor the activity of the selected delegate(s) in the Aquarius interface
Being a Delegate
A delegate is someone that users delegate their ICE to, and votes for the markets on users' behalf.
To become a whitelisted delegate one has to apply using the form
If the Aquarius team considers the delegate suitable for the role they will manually add it to the list
Every whitelisted delegate will have their dedicated Discord chat on the Aquarius server
Nevertheless, anyone can become a delegate since a delegator can delegate to any Stellar address
Once someone delegates their ICE to a delegate, respected amount of dICE tokens is minted for the delegate's balance
A delegate is encouraged to use all the delegated ICE for voting. Unused dICE will show up in the delegate's activity on the interface.
Aquarius team can disqualify a delegate that is consistently underperforming
To learn how to delegate ICE and vote with delegated ICE, please refer to the interface guide.
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