Governance Framework

Governance rights are restricted to staked $EITHER. Decisions are made by committed participants with skin in the game.

Voting Rights

• Governance rights are exclusively granted to staked $EITHER. Unstaked tokens carry no voting power

• Voting weight is proportional to Staking Power: Tokens Staked x Days Locked

Proposal & Voting Mechanics

• A minimum quorum threshold must be met for any vote to be valid

• Standard proposals pass with a simple majority of participating staked supply

• Protocol upgrades, fee parameter changes, and vesting schedule modifications require a 60% supermajority

• All passed decisions are subject to a 48-72 hour timelock before execution, providing the community a reaction window

Emergency Guardian Council

• An Emergency Guardian Council is elected by community governance on a 12-month rotation

• The Council holds veto authority over any governance action that poses an immediate security, financial, or legal risk to the protocol

• Council veto decisions are subject to a retrospective community ratification vote within 7 days

• Council members may not hold more than 2% of staked supply individually, preventing concentration of emergency power

Treasury Spending Controls

• Treasury spending proposals are capped at 2% of total treasury value per governance vote

• Cumulative treasury spending exceeding 10% of total treasury within any 90-day period requires a supermajority vote to authorise

• All treasury transactions are executed transparently on-chain with publicly disclosed wallet addresses