General Governance
Learn how Paxeer's on-chain governance works, including proposal submission, voting periods, quorum rules, and mainnet parameters for PAX holders.
Decentralized Decision Making
Paxeer employs an on-chain governance system that enables PAX holders to participate in the decision-making process for the network. This system is built on the Cosmos SDK governance module with enhancements specific to Paxeer's architecture.
How Governance Works
- Proposal Submission - Anyone can submit a governance proposal with an initial deposit.
- Deposit Period - Community members can contribute to the proposal deposit.
- Voting Period - Once minimum deposit is reached, voting begins.
- Execution - Approved proposals are automatically executed.
Governance Logic
- Quorum Requirement - A minimum percentage of bonded tokens must participate in voting for a proposal to be valid.
- Approval Threshold - A proposal must receive more than 50% approval (excluding abstain votes) to pass, or 66.7% for expedited proposals.
- Veto Protection - If more than 33.4% of votes are "NoWithVeto", the proposal is vetoed regardless of other vote counts.
Network Parameters
Mainnet (hyperpax_125-1)
Live network parameters for Paxeer mainnet.
| Parameter | Value | Description |
|---|---|---|
| Minimum Deposit | 3500 PAX | Required to enter voting period |
| Expedited Minimum Deposit | 7000 PAX | Required to enter expedited voting period |
| Deposit Period | 2 days | Time to collect minimum deposit |
| Voting Period | 3 days | Duration for voting |
| Expedited Voting Period | 24 hours | Duration for expedited voting |
| Quorum | 33.4% | Minimum participation required |
| Expedited Quorum | 66.7% | Fast-track proposals |
| Approval Threshold | 50% | Standard proposals |
| Expedited Threshold | 66.7% | Fast-track proposals |
| Veto Threshold | 33.4% | Maximum veto votes allowed |
Vote Types
Voting Options
Understand the different voting options available.
- Yes - Support the proposal as written. Counts toward approval threshold.
- No - Oppose the proposal. Counts against approval threshold.
- Abstain - Neutral position. Counts toward quorum but not approval threshold.
- NoWithVeto - Strong opposition. Can veto a proposal if threshold is exceeded.
Weighted Voting
Advanced Voting
Validators and delegators can split their voting power across multiple options using weighted voting.
- Flexibility - Distribute voting power across different options based on preference strength.
- Precision - Express nuanced positions on complex proposals with percentage allocations.
Proposal Outcomes
| Outcome | Conditions |
|---|---|
| Passed | Quorum met (>=33.4% participation) · Approval threshold met (>=50% or >=66.7% for expedited) · Veto threshold not exceeded (less than 33.4% NoWithVeto) |
| Rejected | Quorum met but approval threshold not met · Majority voted "No" |
| Failed (No Quorum) | Less than 33.4% of bonded tokens participated · Proposal automatically fails |
| Vetoed | More than 33.4% of votes were "NoWithVeto" · Indicates strong community opposition |
Best Practices
Community Engagement
Guidelines for effective governance participation.
- Research Thoroughly - Read proposals and understand their implications before voting.
- Engage in Discussion - Participate in community forums and discussions to better understand different perspectives.
- Vote Responsibly - Consider the long-term implications of proposals for the network and ecosystem.
- Stay Informed - Follow governance updates and participate actively in the democratic process.