Weighted Voting and Contest FAQ

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What is weighted voting? 

Weighted voting enables you to create a topic where upvote power of the community members depends on their token holdings. You can weight a topic using ERC20 (that is on the same chain as your community) when you create a new topic. You can also weight a topic using Common’s community stake which enables members to buy stakes in their community using a non transferable token.

Creating Weighted Voting Topics: Video Walkthrough Part 1

What is ERC20 weighted Voting? 

When you create a topic on supported chains, you can decide to weight the topic using an ERC20. Upvotes on weighted topics are dependent on the number of ERC20 tokens held by the member and the weight for each token set by the admin who created the topic. For example, an admin can weight a topic using SushiSwap on Base and set the weight to be 1 token = 2 votes. The vote weight for a member who holds 10 SushiSwap on Base who joins the topic would then be 20. Each upvote action will count for 20 upvotes.

Creating Weighted Voting Topics: Video Walkthrough Part 2

Can the vote weight multiplier used for ERC20 weighted voting be a decimal?

Yes the admin can set a decimal vote weight multiplier. This is useful in cases where you expect the token holders to hold larger amounts of the token that you are utilizing for weighted voting

Can the weights for a topic be edited? 

No, currently the weights for a topic cannot be edited once its set. You can delete the topic and create a new one with desired weights if needed 

How can I fund a contest? 

You can fund a contest using an ERC20 token that is on the same chain as your community or utilizing Community Stake fees if you have Community Stake Enabled.

Funding Using ERC20

  • In Create Contest > Choose a topic that is ERC20 weighted
  • Enter the token address you want to fund the contest with. It does not have to be same token as the one used for weighting the topic. The token should be on the same chain as your community 

Creating ERC20 Contest: Video Walkthrough

Funding A Contest: Video Walkthrough

Funding using Community Stake fees 

  • In Create Contest > Choose a topic that is weighted with Community Stake 
  • Select the % of Community Stake fees that you want to go towards the contest 

Can I fund a contest using a different token other than the one used to weight the topic? 

Yes, you can fund the contest using any token that is on the same chain as your community

What chains are supported for ERC20 and Community Stake weighted voting? 

  • Base
  • Arbitrum 
  • Linea
  • Ethereum 
  • Optimism 

How do I know if I’ve won the contest? 

Winning threads will have a tag next to them which indicates what position the thread came in. The funds to the winner should be deposited in your connected wallet within one hour