VE Governance
Governance is the core of the VE Governance Model and assists RWA Finance in realizing governance. veRWAS holders initiate proposals and votes, and users can make group decisions, constructing a fairer ecological dividend model and realizing more diverse value mechanisms.
Governance: deposits RWAS in VE Pool (get veRWAS) -- View/initiate proposals -- Vote -- Proposals passed --Onchain execution
DAO Voting
Voting Mechanism
Taking RWA Finance as an example, you can participate in voting with veRWAS by locking RWAS, which is divided into the following steps:
Initiate a proposal: Holding veRWAS up to 50,000 to be eligible;
Queue: proposals are entered into the voting pool in order;
Voting decision: vote for the proposal (1 veRWAS = 1 vote; based on the veRWAS snapshot data at the time of proposal creation);
Onchain execution: the passed proposal is formalized and executed.
DAO Voting Rules:
50,000 veRWAS or more to be eligible.
The number of proposals created is limited (3 per day, 15 per month, and it can be upgraded to 20 per day, 100 per month after verification)
When creating a proposal, a snapshot of veRWAS will be taken, and the data in the snapshot will determine the voting right on the proposal.
There is no limit to voting for the proposal.
Regarding two kinds of voting:
Ownership votes: it controls most of the functionality within the protocol. These votes require a 30% quorum and 51% support.
Parameter votes: it allows you to modify the parameters of the pool. These votes require a 15% quorum and 30% support.
How to initiate a proposal?
Connect wallet to Arbitrum Chain.
Click on "Create a proposal" (50,000 veRWAS required).
Fill in the details of the proposal and confirm.
How to vote?
Stake RWAS to get veRWAS in VE Pool.
Connect wallet to Arbitrum Chain.
View the list of proposals
Select the proposal and vote
The implementation of a proposal shall begin if it is adopted; it shall end if the proposal is not adopted.
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