Stake on boxes to governance - General - Algorand
Stake on boxes to governance
post by beaconet on Dec 19, 2022
Hi guys,
Does anyone know if staking for boxes can be used for governance?
post by fabrice on Dec 19, 2022
What do you mean by “staking for boxes”?
post by beaconet on Dec 20, 2022
For each boxes created, the account MBR increases proportionally.
Example:
a boxes of 32KB needs about 13 Algos as MBR. This can be called ‘stake’.
So, in case I have an MBR of 4,000 Algo, can I use this amount (or stake) to participate in governance?
post by fabrice on Dec 20, 2022
You can participate in governance with any Algos, even those from the minimum balance requirement (MBR).
Since the boxes MBR comes from the application account, you would need to be able to send transactions from the application account, which requires special support from the smart contract (but this is possible).
post by beaconet on Dec 20, 2022
thanks as always, Fabrice