🗳️Governance & Voting
Paragon is designed to be community-owned. We use a two-stage model right now — a lightweight User-Points DAO for fast, inclusive decision-making during testnet/early mainnet.
TL;DR
Anyone can submit a public proposal.
Phase A (now): voting power = Paragon Points (non-transferable “User Points” earned by using the protocol). Results guide the core multisig via a time-locked execution policy.
Phase B (soon): on-chain veXPGN (locked XPGN → voting NFT). Binding votes executed by Governor + Timelock.
Bridges: Points can be delegated, expire seasonally, and will map to boosts (or a one-time allocation) when veXPGN goes live.
What is the User-Points DAO?
Paragon Points (“Points”) give active users a voice now, without waiting for the full locking system. Points are:
Non-transferable and wallet-bound (not a tradable token).
Earned by usage and contribution (see below).
Seasonal (decay/expiry each Season to keep power fresh).
Delegable (you can delegate your Points to a representative).
Governance policy: while the core multisig is the legal executor today, it commits to follow passing Snapshot votes except for security/emergency exceptions. All executions are behind a Timelock.
How you earn Points
Points accrue per wallet based on verifiable, on-chain actions:
Swapping via Paragon (with intents/Flow): volume-weighted; savings/surplus boost.
Providing liquidity: utilization-weighted (volume your pool actually routes).
Staking/locking: stXPGN/veXPGN (when live) apply multipliers to earned Points.
Farming participation: active farm deposits (time-weighted).
Governance participation: voting/creating proposals, forum activity (anti-spam caps).
Ecosystem contribution: bug bounties, docs, integrations (manually awarded, transparent logs).
Anti-Sybil: per-wallet caps, activity thresholds, and manual review for suspicious clusters. Abusive activity may be excluded from leaderboards and airdrops.
Seasonality: Points are tallied in Seasons (e.g., 4–8 weeks during testnet). At Season end, they decay (e.g., 50%) or reset, keeping governance aligned with current users.
Proposal flow (two-stage)
Temperature Check (Snapshot / Off-chain)
Anyone meeting the proposal threshold (e.g., 25k Points) can post.
Quorum (e.g., 1M Points) and simple majority to pass.
Passing items move to Binding Vote or to Core Review (parameter vs. code).
Binding Vote (On-chain or Time-locked Execution)
Before veXPGN: the core multisig queues an action in Timelock (≥48h); executes if the Snapshot passed and no security veto is invoked.
After veXPGN: proposals execute via Governor + Timelock, based on veXPGN voting power (Points may grant proposal rights/boosts but not final weight).
What can be proposed?
DEX parameters: fees, Surplus & Rebates splits, Shield settings, router lists.
Emissions & Gauges: XPGN emissions to pools, utilization weights, bribe markets.
Listings: new farms/pools, vault additions, P10 composition cadence/filters.
Treasury/Shield: grants, co-incentives, audit funding, buyback policies.
Risk controls: oracle lists, pause thresholds, circuit-breaker rules.
Product roadmap: priority features and partnerships.
Guardrails: emergency pauses, critical upgrades, and security hotfixes may be executed by a pre-declared Guardian with public post-mortems and time-boxed authority.
Voting power today vs. tomorrow
Now (Testnet & early Mainnet)
Paragon Points (seasonal, delegable)
Policy-binding via Multisig + Timelock
Snapshot + forum
Next
Hybrid: veXPGN + Points boost
Governor + Timelock (binding)
On-chain
Steady state
veXPGN (lock-based NFT, vote-escrow)
Governor + Timelock
On-chain
Migration promise: meaningful Point holders will receive boosts/allowances in early veXPGN (e.g., vote power multiplier for N epochs or whitelist to propose without fee).
Delegation
You can delegate your Points to another wallet (off-chain signature).
Delegates build public profiles (track record, areas of focus).
Revoke/change any time; effective next vote.
Thresholds & parameters (initial)
(Numbers are illustrative; governance can tune them.)
Proposal threshold: 25k Points
Quorum: 1M Points
Majority: 50%+ Yes (60%+ for fee/risk changes; 66%+ for emergency powers)
Voting period: 5–7 days
Timelock delay: ≥48 hours
Guardian scope: security-critical only; requires post-mortem within 72h
Transparency & interfaces
Gov Portal: proposals, vote power, delegates, execution status.
Leaderboard: wallet Points, Season stats, top delegates.
Receipts: per-vote proofs (addresses, weights, tallies).
Archives: proposal history, upgrades, timelock transactions.
How this ties to the rest of Paragon
Surplus & Rebates: voters can set the split (e.g., 60/30/10) and destinations (LP vaults, stXPGN, Shield).
Flow/Gauges: voters steer utilization-weighted emissions and bribe-market rules.
P10 index: voters ratify eligibility filters (free-float cap, exclusions), snapshot cadence, and rebalance fees/limits.
Shield: voters define coverage triggers and funding caps.
Roadmap for Governance
S0 (now, 3–4 weeks on testnet): Points live, Snapshot votes, public timelock execution policy; delegate directory.
S1: Points API + explorer, proposal templates, forum guidelines, first parameter votes (Surplus split, oracle bands).
S2: Ship veXPGN + Governor; map Season Points → boosts/allowances; begin hybrid voting.
S3: Fully on-chain governance; Points remain as participation score and for delegate discovery, not final power.
FAQ
Is this a token? No. Points are not transferable, tradable, or a promise of value.
Will my Points disappear? They decay or reset by Season design; we’ll always announce rules up front.
What stops whales from dominating? Seasonal decay, activity-based accrual, and (in veXPGN) time-weighted locks make capture more expensive; plus open delegation & public scrutiny.
How do I start? Use Paragon (swap, LP, farm), join proposals, and delegate or run as a delegate. Your actions this Season determine your voice.
Related pages
Tokenomics (XPGN) — emissions, veXPGN, surplus yield to lockers
Intents & Batching — how Flow creates surplus to govern
Surplus & Rebates — exact splits & accounting
Risk & Limits — governance-controlled parameters and pauses
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