Railgun

Explore Railgun (RAIL) token rights, holder benefits, governance power, and revenue distribution on DefiLlama.

Railgun (RAIL) Token Rights & Governance

RAIL stakers receive a portion of protocol Deductions as an incentive for participation in code changes. 2% of the treasury tokens are allocated to stakers every two weeks. To receive rewards, stakers must not delegate their vote to a different address.

RAILGUN governance is decentralized, any wallet that locks RAIL can vote on and submit proposals to vote. For all governance stages, 1 RAIL locked is equal to 1 vote, snapshots of voting power are taken at each governance stage. Votes can also be delegated to another wallet. The decentralized governance system is the only way in which upgrades to the RAILGUN protocol can be made.

RAIL is a governance token that allows holders to participate in the decentralized governance of the RAILGUN protocol. RAIL can be staked to secure the protocol and collect security rewards.