Token-Holder Governance

How token holders control protocol parameters and decisions

The target model gives token holders direct control over protocol parameters, treasury, and upgrades.

Governance Parameters

Parameter	Value
Voting Power	1 staked $P2P = 1 vote (delegatable)
Voting Delay	1 day
Voting Period	7 days
Standard Quorum	4%
Critical Quorum	20%
Standard Majority	50% + 1
Critical Majority	66% supermajority
Timelock	7 days before execution

Voting Mechanics

Voting Power

• 1 staked $P2P = 1 vote
• Voting power is delegatable
• Only staked tokens count for governance

Proposal Thresholds

Standard Proposals

Standard Quorum: 4% of staked tokens must participate

Standard Majority: 50% + 1 of votes cast must approve

Used for routine parameter changes and non-critical updates

Critical Proposals

Critical Quorum: 20% of staked tokens must participate

Critical Majority: 66% supermajority required

Required for major protocol upgrades, treasury spending, and structural changes

Timeline

1. Voting Delay: 1 day after proposal submission
2. Voting Period: 7 days for voting
3. Timelock: 7 days before execution (if passed)

Governable Parameters

Token holders can control:

Fee Structure

Fee percentages and spread configuration

Staking Rules

Staking requirements and slashing conditions

Volume Limits

Transaction volume limits and caps

Treasury Allocation

How protocol revenue is deployed

Smart Contracts

Protocol upgrades and contract changes

Token Whitelisting

Which tokens can be used in the protocol

Additional Resources

For contract-level governance detail (roles, permissions, dispute mechanics), see For Builders.