Managing Your Governance Distribution (Guide)

Managing Your Governance Distribution

Context

With the approval of EP 5.19 and EP 5.26, the DAO has allocated ENS governance tokens to selected recipients. (View the full list of recipients here). The Meta-Governance Working Group is using Hedgey Finance to facilitate the distribution.

This guide provides step-by-step instructions for recipients to claim and manage their token grants via Hedgey’s platform. Whether you’re new to Web3 or an experienced user, it ensures you can seamlessly access and track your tokens.

You can monitor and claim tokens as they unlock according to the predefined vesting schedule. This guide covers how to access, manage, and track your grant effectively.


Overview

Hedgey’s platform enables the distribution of locked governance tokens with predefined unlocking schedules. This guide covers:

  1. Accessing Your Token Grant
  2. Claiming Tokens
  3. Delegating Voting Rights
  4. Tracking and Managing Tokens

1. Accessing Your Token Grant

To get started, connect your wallet via the Hedgey platform:

  • Open the Hedgey App.
  • Supported wallets include:
    • MetaMask
    • Gnosis Safe
    • WalletConnect
    • Ledger (via MetaMask integration)

Follow these steps:

  1. Navigate to the Hedgey app.
  2. From the left-hand panel, click Token Grants.
  3. Click the Connect Wallet button and choose your wallet provider.
  4. If using a Gnosis Safe wallet, click the View on Safe link to access the Hedgey Grants app within your Safe. Currently, the Grants product needs to be added as a custom Safe app. You can find instructions on how to add it here.
  5. Locate your grant under “Received Grants” and click View Details to see your unlocking schedule and grant information.

2. Claiming Tokens

To claim tokens from your grant:

  1. Access the “View Details” section of your active grant.
  2. Click the Claim button to initiate the process.
  3. Confirm the transaction in your wallet when prompted.

Note:

  • Claiming tokens will release all currently vested tokens in accordance with the grant’s release schedule.

3. Delegating Voting Rights

Delegating your governance tokens allows you to assign voting responsibilities to another wallet while retaining financial control. This is particularly useful for multi-sig wallets, cold storage, or assigning governance responsibilities to trusted parties.

Steps to delegate:

  1. Navigate to your active grant in the Hedgey app.
  2. Click the Delegate button.
  3. Enter the delegatee’s wallet address and confirm the action.

4. Tracking and Managing Tokens

Hedgey provides intuitive dashboards to monitor and manage your token grants. Key features include:

  • View Unlock Schedules: Track when tokens will become available.
  • Claim Tokens: Access tokens as they vest.
  • Transfer Grants: Move grant contracts to another wallet by clicking Transfer and entering the recipient’s address.
  • Manage Allocations: Segment grants into smaller portions by selecting the segment size and creating new contracts for better organization.

For more detailed information, refer to the Hedgey Community Docs.

4 Likes

Looks like Hedgey is not supporting ENS

Hi @hidayath.eth - Lindsey from Hedgey. We’ve added support for ENS on the grant issuer side to read ENS names attached to grants (mostly useful for issuers) and have had it on our list to add it to areas where you write (creating new grants, delegation, etc.) for too long. With these going out I’ll speak with the team today and prioritize that. Absolutely love how Hedgey is being used here and it’s a no brainer that ENS (and everyone frankly) should be able to use ENS names to look up delegates. Will keep you updated on the feature as we roll it out.

5 Likes

Thanks for the quick update, @SLE! Loving Hedgey.

Hi @hidayath.eth - we have the ENS support up now for Delegation!

We’ll be adding it to other parts of the app as well soon (like when creating new grants) but wanted to get this out asap.

Screenshot 2025-01-30 at 10.47.04 AM

For now, you’ll have to click the “Use ENS Name” button before adding an ENS name. We’ll polish that UX to make it automatic as we start to roll it out in other places as well.

Cheers!

Screenshot 2025-01-30 at 10.47.16 AM

4 Likes

Thank you, @SLE and the Hedgey team!
From MetaGov’s perspective, Hedgey continues to provide incredible service and support to the DAO.
We owe them thanks and appreciation for helping us get these new concepts of governance distributions underway. :heart:

1 Like