> For the complete documentation index, see [llms.txt](https://paragon-protocol.gitbook.io/paragon-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://paragon-protocol.gitbook.io/paragon-protocol/governance-and-tokens/governance-voting.md).

# 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.