Voting Power

The FILLiquid Pool operates under the governance and control of FIG token holders, giving the community the power to have input into the future direction of the protocol.

The governance token empowers the community to propose, vote on, and implement changes through established governance procedures.

By utilizing the governance powers of the FIG token, the community can propose modifications to system parameters, upgrade transaction rules, or introduce new functionalities to ensure the protocol can swiftly adapt to evolving market conditions.

The influence of FIG token holders on governance decisions is determined proportionally by the sum of their bonded token balances or their voting power. Those with more FIG bonded have a higher weighting in the voting outcome.

Voting Rules:

• To participate in voting, one must initially stake a certain number of FIG tokens to obtain voting eligibility.

• The voting is carried out using the already staked FIG tokens.

• 1 FIG = 1 vote.

• Minimum Votes: The lowest number of votes for a single voting action is 10 votes.

Lock Period:

• During the staking and voting period, FIG tokens cannot be withdrawn.

  • Staked FIG tokens will not be lost.

  • After the proposal ends, FIG tokens will be automatically unlocked and can be withdrawn to the wallet.

The governance process ensures transparency, fosters community engagement and enables the protocol to adapt to the evolving needs of the ecosystem.