Voting

Governance Voting

Community controlled

ETHX holders will be able to vote on proposals– so long as they have staked liquidity in the pools. The community will decide everything from developer fees and site design to the exact farming options available. There is a threshold of 4% of the maximum supply to make a vote final.

At a glance:

• The community can create proposals, but only the chairperson can approve proposals.

• Chairperson cannot force proposals through without community support.

• This acts as a community veto for all chairperson proposals.

Chairperson role

The chairperson is a safeguard against any malicious proposals while the project is in its infancy. Chairperson is the only party able to create new proposals. Still, it is limited in that it cannot force proposals through without community support.

Limitations and Safeguards

There are three main safeguards for any change on the contract:

1. The change must be proposed by the chairperson.

2. The change must receive support from token holders.

3. A week must pass after the end of the voting period from any proposal, before the action is taken, giving token holders ample time before any change.