RAIL Active Governor Allocation

RAIL stakers can become Active Governors. To be an Active Governor, stakers must:

1. Have RAIL fully locked (at least some portion that is not going through the unlock period).

2. View the Governance Portal at least once and check for any ongoing proposals.

3. Submit gas to claim allocation.

4. Not delegate their vote to a different address. If votes are delegated, the address that is delegated to will receive the allocation.

Active Governors receive a portion of protocol deductions as an incentive for participation in governance. This is because anyone can propose any code changes to the protocol at any time, and widespread participation in governance protects the integrity of the protocol.

2% of the treasury tokens are allocated to the claiming mechanism every 2 weeks. This means that every year, ~52% of the treasury tokens are allocated to Active Governors.

Tokens are allocated in WETH (or WBNB/WMATIC for other chains), RAIL, and DAI. Active Governors can claim their tokens (a transaction which requires gas) on whichever chain their RAIL is locked. Further, Active Governors can only claim tokens from chains where they have RAIL locked.

RAILGUN Active Governors receive an allocation proportionate to the amount of RAIL they have locked in the governance contract. For example, if a user's locked share of RAIL is 1% of all staked RAIL, then the user can collect 1% of the 2% biweekly allocation.