update democracy lock periods

galacticcouncil · Sep 6, 2023 · 772a1ef · 772a1ef
1 parent af69f69
commit 772a1ef
Showing 1 changed file with 16 additions and 13 deletions.
diff --git a/docs/democracy_referenda.md b/docs/democracy_referenda.md
@@ -44,26 +44,29 @@ There are two factors which determine the weight of each vote in a referendum. T
 vote_weight = tokens * conviction_multiplier
 ```
 
-Vote lock periods have the same duration as the enactment delay. If tokens are locked for 1 voting period, this means that they will remain locked for **3 days** after the voting has ended. Voters can influence the weight of their votes by decreasing or increasing the amount of periods for which the tokens are locked. It is possible to bring out a vote with 0 lock periods, however its weight would be only a fraction (conviction multiplier of 0.1x). On the other hand, the conviction multiplier increases by 1 for every doubling of the lock periods. As shown in the table below, locking the votes for the maximum of 32 periods would raise the conviction multiplier to 6x.
-
-| Lock Periods      | Conviction Multiplier |
-|:-----------------:|:---------------------:|
-| 0                 |  0.1                  |
-| 1                 |  1                    |
-| 2                 |  2                    |
-| 4                 |  3                    |
-| 8                 |  4                    |
-| 16                |  5                    |
-| 32                |  6                    |
+The table below contains an overview of the various Conviction Multipliers and the amount of days the tokens will be locked up for. It is possible to bring out a vote without locking your HDX, however its weight would be only a fraction (conviction multiplier of 0.1x). As shown in the table below, locking the tokens for the maximum of 192d would raise the conviction multiplier to 6x.
+
+| Conviction Multiplier | Days Locked |
+|:---------------------:|:-----------:|
+| 0.1x                  |  0d         |
+| 1x                    |  6d         |
+| 2x                    |  12d        |
+| 3x                    |  24d        |
+| 4x                    |  48d        |
+| 5x                    |  96d        |
+| 6x                    |  192d       |
 
 ```
 An example:
 
-Alice votes with 5000 HDX and 0 lock periods.
-Bob votes with 100 HDX and 32 lock periods.
+Alice votes with 5000 HDX and 0.1x Conviction Multiplier.
+Bob votes with 100 HDX and 6x Conviction Multiplier.
 
 Weight Alice: 500
 Weight Bob: 600
+
+Token lock Alice: 0 days
+Token lock Bob: 192 days
 ```
 
 ### Voting Modes {#referenda-voting-modes}