Governance (Voting)

Paragon governance allows users to propose and vote on protocol decisions. Voting power is earned through participation and later transitions to veXPGN-based on-chain governance.

TL;DR

• anyone can vote (subject to thresholds)

• proposals are public

• results are enforced via timelock

• governance evolves from Points → veXPGN

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Current System — User Points Voting

Paragon currently operates using a Points-based voting system.

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Voting Power

Voting power is derived from:

• Paragon Points

• earned through protocol usage

• non-transferable and wallet-bound

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👉 Increased participation leads to greater governance influence.

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How Voting Works

1. Proposal

• users above the threshold can submit proposals

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2. Voting

• options: For / Against / Abstain

• voting period: 5–7 days

• voting power based on Points

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3. Execution

If a proposal passes:

• it is queued in the timelock

• executed after the delay

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👉 Execution is transparent and publicly verifiable.

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Voting Requirements

Initial parameters:

• proposal threshold: ~25k Points

• quorum: ~1M Points

• majority: 50%+

• critical proposals: higher thresholds

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👉 All parameters are adjustable through governance.

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Execution (Timelock)

All approved proposals pass through:

• timelock delay (≥ 48h)

• public queue

• visible execution

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👉 This ensures:

• no instant changes

• protection against malicious actions

• full transparency

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Emergency Controls

A limited Guardian role exists for:

• security incidents

• exploits

• critical failures

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Constraints

• short-term usage only

• must provide public explanation

• cannot override governance permanently

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👉 Designed to balance safety and decentralization.

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Delegation

Users can delegate voting power.

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How It Works

• assign Points to another wallet

• delegate votes on your behalf

• revoke at any time

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Why It Matters

• enables representation

• supports active governance participants

• improves decision quality

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Future — veXPGN Voting

Paragon will transition to fully on-chain governance.

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veXPGN Model

• lock XPGN → receive veXPGN

• longer lock duration increases voting power

• non-transferable

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Voting Power

Based on:

• amount locked

• lock duration

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Execution

• proposals executed via Governor contracts

• enforced through timelock

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👉 Governance becomes fully on-chain and binding.

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Transition (Points → veXPGN)

Points holders will be incorporated into the veXPGN system through:

• governance boosts

• proposal participation rights

• early influence

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👉 Designed to reward early participation while maintaining long-term alignment.

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What You Vote On

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⚡ Protocol Parameters

• fee structure

• execution parameters

• routing rules

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🌾 Emissions

• XPGN distribution

• farm incentives

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📊 P10 Index

• asset selection

• rebalancing rules

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🏦 Treasury

• buybacks

• POL strategy

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🛡️ Risk Controls

• oracle settings

• system limits

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Transparency

All governance activity is:

• public

• verifiable

• recorded on-chain

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Users can view:

• voting activity

• voting power

• proposal outcomes

• execution status

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⚠️ Important Notes

• Points are not tradable

• voting power changes over time

• governance evolves in phases

• not all proposals are approved

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Summary

• Points enable early governance participation

• veXPGN enables long-term on-chain control

• proposals are transparent

• execution is delayed and verifiable

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Paragon governance is designed to give active users meaningful influence, evolving toward fully decentralized, on-chain decision making.