Citrea | Mainnet Live 🍊🍋 (@citrea_xyz): CTR is Live - How to Delegate & Vote
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- CTR+85Positive
CTR is Live - How to Delegate & Vote CTR embodies the belief that the Bitcoin economy should rely on the strategic interests and active curation of its own users. This is accomplished through a modified vote-escrow staking model. Users stake CTR to receive xCTR, a non-transferable token that grants voting power over the Citrea Governance Treasury and the Citrea Network Staking CTR serves as the foundational mechanism for participating in the network's governance and ecosystem incentives. However, to exercise their voting power, xCTR holders must delegate their voting power to either themselves or someone else. Governance operations for the Citrea Network are conducted on @AragonProject: https://app.aragon.org/dao/citrea-mainnet/0xA941b1C1D9aDC88C9241aA3ACA59E8B8f0386419/proposals?proposals=all Step-by-Step Guide: How to Delegate Voting Power To be able to vote on proposals, xCTR holders must delegate voting power to either themselves or someone else. Upon technical readiness and potential activation of the Gauge System, being an active voter becomes more important because active xCTR voters receive multiplied liquidity emissions. How to delegate voting power: Access the Members Portal: Go to the Aragon interface for Citrea DAO members: Citrea DAO Members Page. Connect Your Wallet: Click connect and make sure you are actively viewing the “Members” section. Choose Your Delegation: You will see three primary options: "Featured Delegates" or "xCTR": Click these to explore recognized community members and see if their governance philosophies align with your interests. "Yourself": Choose this option if you want to retain your voting power and vote directly on all incoming proposals. "Someone else": Select this if you have a specific wallet address or an advocate in mind. Submit the Delegation: Confirm the transaction in your wallet to finalize the delegation. Make sure to have cBTC in your wallet to cover the transaction cost. Step-by-Step Guide: How to Vote on Proposals A network’s strength lies in the hands of its active participants. xCTR holders who delegated their voting power can vote on proposals. Go to the Proposals Dashboard: Navigate to the Aragon interface for Citrea DAO proposals: Citrea DAO Proposals Page. Review Active Proposals: Click on any open proposal to read its full text and understand its intent. Cast Your Vote: Select your stance (e.g., Approve or Veto) and submit the transaction to exercise your xCTR voting power. Make sure to have cBTC in your wallet to cover the transaction cost. Conclusion xCTR puts stakers at the center of the network’s evolution and incentives, giving them an immediate voice in how the ecosystem evolves. The gauge system, once live, creates a self-reinforcing loop between staking, voting, liquidity, and application growth that scales with the network. To enable stakers to accumulate more voting power, 10 million CTR has been strategically allocated for the first 90 days of the token launch to establish a highly committed foundation of early network governors. This 10 million CTR allocation will be distributed as xCTR, and the week 1 distribution has already started! The Bitcoin economy should be governed by the people who use it.