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Voting in KalyDAO

This guide explains how to participate in KalyDAO governance by acquiring voting power and casting votes.

Getting Voting Power​

To vote in KalyDAO, you need gKMT (Governance KMT) — a wrapped version of the native KMT token.

Step 1: Wrap Your KMT​

  1. Go to dao.kalychain.io
  2. Connect your wallet
  3. Navigate to the "Wrap KMT" section
  4. Enter the amount of KMT to wrap
  5. Confirm the transaction

Your KMT is deposited into the Governance Token contract, and you receive an equal amount of gKMT.

1:1 Ratio

1 KMT = 1 gKMT. There's no conversion fee — you can unwrap anytime.

Step 2: Delegate Voting Power​

After wrapping, you must delegate your voting power. You can:

  • Self-delegate — Vote with your own tokens
  • Delegate to another address — Let someone else vote on your behalf
Required Step

You must delegate (even to yourself) before your gKMT has voting power. Undelegated tokens cannot vote.

How to Vote​

1. Find Active Proposals​

KalyDAO Voting Interface

Visit dao.kalychain.io to view:

  • Active proposals — Currently open for voting
  • Pending proposals — Waiting for voting period to start
  • Passed/Failed proposals — Historical proposals

2. Review the Proposal​

Each proposal shows:

  • Description — What the proposal does
  • Actions — On-chain calls to be executed
  • Votes — Current For/Against/Abstain counts
  • Timeline — When voting ends

3. Cast Your Vote​

Choose your voting option:

VoteMeaning
ForSupport the proposal
AgainstOppose the proposal
AbstainCount toward quorum without voting yes/no

Submit your vote transaction. Your voting power is calculated based on your gKMT balance at the proposal creation block.

Voting Requirements​

Quorum​

A proposal needs at least 4% of total voting power participating to be valid.

Voting Period​

  • Delay: ~1 week after proposal creation before voting starts
  • Duration: ~1 week voting window

Vote Counting​

For a proposal to pass:

  1. Quorum met — At least 4% participation
  2. Majority — More "For" votes than "Against"

Unwrapping gKMT​

To convert back to native KMT:

  1. Go to the DAO interface
  2. Navigate to "Unwrap gKMT"
  3. Enter the amount to unwrap
  4. Confirm the transaction

Your gKMT is burned and you receive the equivalent native KMT.

Voting Tips​

  • Delegate early — Your voting power only counts after delegation
  • Review carefully — Understand proposals before voting
  • Check the actions — See exactly what on-chain calls will execute
  • Note the snapshot — Your voting power is locked at proposal creation

Technical Details​

Direct Contract Interaction​

Wrap KMT (deposit):

// Send KMT directly to the governance token
// Contract: 0x4BA2369743c4249ea3f6777CaF433c76dBBa657a
(bool success, ) = GOVERNANCE_TOKEN.call{value: amount}("");

Delegate:

IGovernanceToken(GOVERNANCE_TOKEN).delegate(yourAddress);

Vote:

IGovernor(GOVERNOR).castVote(proposalId, support);
// support: 0=Against, 1=For, 2=Abstain

Further Reading​