Yamfore
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Governance

Similar to many other protocols, Yamfore utilizes a token weighted voting process. This fairly gives individuals with the most monetary stake in the protocol a larger say in the development of the protocol. This also creates a necessary threshold for crucial proposed changes to the protocol, requiring the true consensus of a large enough percentage% of $CBLP token holders to initiate / approve these proposals. There is a strict list of predefined lending parameters, able to be altered by $CBLP token holders.
These protocol lending parameters are only able to be altered via on-chain governance, inbuilt into the protocols smart contracts. This ensures governance of Yamfore, amongst $CBLP token holders, in a truly democratic & trustless fashion, without reliance on any external entity.
Below is an illustration highlighting the parameters able to be altered via on-chain governance by $CBLP token holders.

Governance Process

Step 1 | Proposal Deposit: The minimum threshold requirement of delegated votes by $CBLP token holders for a governance action to be initiated.
Step 2 | Voting Period: The period of time $CBLP token holders are given to vote on an initiated proposal.
Step 3 | Quorum: The required minimum percentage % of $CBLP tokens staked in the voting process to validate the results.
Step 4 | Consensus Threshold: The required minimum percentage % of yes votes to approve the proposal.
Step 5 | Execution Delay: The amount of time before the protocol implements the passed proposal.
Step 6 | Changes Complete: The governance process is completed, and the proposed changes are implemented.