Stargaze is a decentralized social protocol that allows for creation / curation of content, issuing social tokens, and governing online communities.
Curating a post is similar to a Twitter like, but with tokens (called CREDITS). In return you get rewards if others also curate the same tweet.
Curation happens during a 24 hour window. At the end of the window, votes are tallied and rewards distributed based on incentivized quadratic voting.
Click the curate button, and select the amount of the vote:
Reply to the tweet you want to curate with
@stargaze_fi +X where X is the number of votes.
Quadratic voting is a type of voting that uses tokens for greater expressiveness than traditional voting. In Stargaze, tokens are used to express the intensity of the vote. The higher the quality of the tweet, the more tokens it is expected to get.
At the end of each curation window, all tokens are redistributed evenly to everyone that voted. This means that if you voted with 9 tokens, you may not get all of it back. And if you voted with just 1 token, you might get more back if others voted >1.
Everyone gets the same amount of tokens each day to curate with.
Incentivized quadratic voting is Stargaze's twist on quadratic voting. For every post you curate, you get STARS tokens in proportion to the curated amount.
After the initial voting period has ended, you can earn extra STARS tokens by staking on posts. Staking is also a great way to signal which posts you feel are the best.
Staking on posts is simple, simply go to a post detail page and click the stake button.
Then choose how many stars you would like to stak and which validator you want to stake them with.
When your funds are staked, they are locked and you'll be unable to use them. Think of them like being in a savings account earning interest. To use your staked STARS tokens, you'll have to unstake them. Simply click the Unstake button that appears under posts you've staked on, and select how many STARS you would like to unstake.
NOTE: it will take some time to unstake the tokens, this is known as the unbonding period and it's done for security purposes.
STARS are the heart of the Stargaze network. They are used to secure the proof of stake network that powers Stargaze. STARS is a staking token that represents ownership in the Stargaze network.
STARS is also used to participate in Stargaze governance. STARS entitles you to vote on adding support for new social networks, and changing network parameters.
STARS is also used for promoting content in Stargaze by extending the curation window.
STARS can be staked on posts after curation, signaling long-term interest in the content while earning yield.