Governance Participation
Governance participation enables TORUS holders to shape the network’s evolution through democratic decision-making processes. Every token holder has voting rights proportional to their holdings, creating a decentralized governance system where community consensus drives protocol changes.
Voting power directly correlates to TORUS token holdings:
- 1 TORUS = 1 vote
Right now,
Treasury Transfer Proposals:
Community requests for funding from the DAO Treasury to support ecosystem development, research, or community initiatives.
Voting Considerations:
- Project viability and team credibility
- Benefit to the Torus ecosystem
- Budget reasonableness and timeline
- Alignment with network priorities
Emission Proposals:
Changes to network economics, including token emission rates, burn mechanisms, and reward distribution parameters.
Voting Considerations:
- Long-term economic sustainability
- Impact on token value and inflation
- Effects on network incentives
- Technical feasibility of implementation
Governance Parameter Changes:
Modifications to voting thresholds, proposal costs, voting periods, and other governance mechanics.
Voting Considerations:
- Democratic accessibility vs governance security
- Participation requirements and barriers
- Protection against governance attacks
- Community representation balance
Voting Mechanics
Proposal Lifecycle
- Submission: Proposals submitted with required deposit (typically 10,000 TORUS)
- Review Period: Community discussion and feedback (informal)
- Voting Period: 7-day voting window for all token holders
- Execution/Rejection: Automatic execution based on voting results
Approval Criteria
Standard Requirements:
- Support Threshold: At least 50% of votes must be favorable
- Participation Threshold: More than 10% of total token supply must participate
- Time Limit: Voting closes after 7 days regardless of participation
Outcome Scenarios:
- Approved: 50%+ support + 10%+ participation → Automatic execution
- Rejected: Less than 50% support + 10%+ participation → Proposal fails
- Insufficient Participation: Less than 10% participation → Proposal expires
Vote Finality
Once cast, votes cannot be changed during the voting period. This ensures predictability and prevents last-minute manipulation, but requires careful consideration before voting.
Economic Incentives and Costs
Proposal Costs
- Submission Fee: 10,000 TORUS required to submit proposals
- Cost Recovery: Fee refunded if proposal passes, retained by Treasury if rejected
- Spam Prevention: Economic barrier prevents frivolous proposals
Voting Costs
- Transaction Fees: Standard network fees apply for voting transactions
- Power User Setup: One-time transaction to enable direct voting control
- Switching Modes: Small transaction cost to change between delegated and power user modes
Strategic Voting Considerations
Information Gathering
- Proposal Details: Thoroughly review all proposal documentation
- Community Discussion: Engage in Discord, Telegram, and forum discussions
- Technical Analysis: Understand implementation details and potential impacts
- Precedent Setting: Consider how current votes affect future proposals
Long-term Impact
- Network Health: Vote for proposals that strengthen the ecosystem
- Economic Sustainability: Support proposals that enhance long-term value
- Community Growth: Favor initiatives that expand and engage the user base
- Innovation: Encourage proposals that advance technical capabilities
Governance Security
Attack Prevention
- Proposal Costs: Economic barriers prevent spam and low-quality submissions
- Time Delays: Voting periods allow community review and response
- Participation Thresholds: Ensure broad community involvement in decisions
- Transparent Process: All votes and outcomes are publicly recorded
Best Practices
- Diversified Holdings: Avoid concentration of voting power in few hands
- Active Participation: Regular voting prevents governance capture
- Community Engagement: Discuss proposals before voting
- Long-term Thinking: Consider ecosystem health over short-term gains
Related Concepts
- Tokenomics - Understanding TORUS token economics and distribution
- Staking - How staking affects voting power and governance participation
- Governance DAO - Overall DAO structure and decision-making processes