🗳️Gauge

Overview

The term "Gauge" refers to the governance voting process carried out by JWLSUI stakers. These stakers have the privilege of casting their votes in favor of their preferred validator or staking provider. It's important to note that only validators who have been whitelisted are eligible to be subjected to these votes.

If you are a validator, interested in becoming whitelisted for Gauge voting and receiving a part of the SUI used to mint JWLSUI, please contact us.

This system empowers JWLSUI stakers to determine which validator should receive a larger share of the deposited SUI, which is used to mint JWLSUI through delegation. The voting percentages are regularly updated every epoch on Thursdays.

• Voting percentages will be updated every epoch on Thursday.

• Each gauge vote can only be voted on every 10 days.

• The amount of SUI being delegated to a validator is dependent on the percentage of votes that validator received.

• When it comes to undelegated SUI, it will be systematically undelegated in order, starting from the least voted validator and moving towards the most voted validator.