Governance
Stake governance tokens to influence the platform’s future, and earn yield from the APYCloud
Available on
Govern the Ēnosys Ecosystem Via Bottom Up Management.
Ēnosys operates as a decentralized autonomous organization. Operations rely heavily on holder participation in the Governance of the ecosystem. Governance will encompass all supported chains and is conducted trustlessly via a network of interconnected smart contracts that control various platform-wide parameters and reserves. These can be adjusted via Governance proposals submitted and voted on by Governance token holders.
Participation in Governance is incentivised via Governance Staking, the APYCloud and an interest in the general wellbeing of the ecosystem.
Propose
Proposals allow Governance token holders to create proposals that can adjust system parameters, add support for new tokens, projects and features. Overall, it allows the community to manage, direct and develop the ecosystem.
Vote
Your vote is your voice. Stake your tokens in Governance Staking to be eligible to vote on proposed changes to the ecosystem and earn rewards while doing so.
Rewards
System fees collected by the APYCloud are distributed to Governance participants who have their tokens staked in Governance Staking.
Governance Proposals
Management of the Ēnosys ecosystem is conducted via Governance. Actions such as changes to protocol parameters, the addition or removal of products and features, or the adjustment of product fees, will all require a governance proposal to be created and voted upon by holders of the ecosystem’s governance tokens.
To submit a Governance Proposal, a fee must be paid in Governance tokens. The fee is dynamically calculated based on how much value is currently being staked in the protocol. To vote for or against a proposal, governance token holders must have their governance tokens staked in Governance Staking.
Governance Staking
Governance Staking is the gateway to participation in the governance of the ecosystem. Once a Proposal is submitted, it becomes publicly available for review by Governance Staking participants. Proposals are required to meet a Minimum Vote Threshold which is 10% of the total voting power staked in Governance Staking. Once a Voting Period concludes, votes are counted and the proposal is either passed or rejected.
Participants who are staked in Governance receive Real Yield from the APY Cloud based on the relative value of their stake and the accumulated fees from all Ēnosys Products on all chains.
