5. Select Delegate and Voting Parameters
After clicking “New Vote” you can select which Delegate you wish to vote for and your voting parameters, which are summarized below:
Delegate: select a Delegate to vote for — you may change your vote to another Delegate at any time. See the full list of Delegates here.
Amount: the # of tokens you wish to use to vote for the selected Delegate. Note: you can add tokens to an existing bucket after your initial vote.
Stake Duration: the amount of time you wish to stake your tokens (value between 0 and 1050 days, in multiples of 7). The longer you stake, the more bonus votes (and rewards) you get! You may extend your stake duration at any time but it cannot be decreased.
New in Mainnet GA: the concept of “decay” is now removed. Instead of your bonus votes gradually converging to zero, your bonus votes will be retained for your entire stake duration and will be reduced to zero after your stake duration expires.
Auto-stake: if you turn auto-stake on, your stake duration and bonus votes will be retained indefinitely until you turn off auto-stake. Once auto-stake is turned off, your stake duration countdown will begin — after your stake duration expires your bonus votes will be reduced to zero and you will be able to unstake your tokens. You may turn auto-stake on/off at any time.
IMPORTANT: you will NOT be able to un-stake your tokens until your stake duration expires. The un-staking process lasts 3 days, after which you may withdraw your tokens to your wallet. If you want to be able to un-stake your tokens at any time, select a 0 day stake duration.