Governance
SLOHM follows Olympus DAO's proven governance model: off-chain voting with on-chain execution via multisig.
How It Works
1. Community Discussion
└── Forum, Discord, social media
2. Proposal Creation
└── Formal proposal with details
3. Off-Chain Vote
└── Voting weighted by gSLOHM
4. Multisig Review
└── 4-of-7 signers verify results
5. On-Chain Execution
└── Multisig executes changes
Why Off-Chain Voting?
| On-Chain Voting | Off-Chain Voting |
|---|---|
| Gas costs per vote | Free to vote |
| Slow (block times) | Instant results |
| Complex contracts | Simple system |
| Attack surface | Minimal contracts |
The multisig acts as a "constitutional court" — verifying vote legitimacy before execution.
Voting Power
Governance weight is determined by gSLOHM holdings:
votingPower = gSLOHM balance × currentIndex
Early stakers accumulate more voting power over time.
What Can Be Changed?
Treasury Parameters
- Approved assets whitelist
- LP bonding caps
- Pool addresses for pricing
Staking Parameters
- Reward rate (APY)
- Epoch length
Bonding Parameters
- Base discounts per asset
- Vesting period
- Max payout per bond
- Bond Control Variable (BCV)
Emergency Functions
- Pause/unpause contracts
- Add/remove authorized minters
Proposal Process
- Discussion - Post idea in forum, gather feedback
- Temperature Check - Informal poll to gauge support
- Formal Proposal - Detailed specification
- Voting Period - gSLOHM holders vote (5 days)
- Execution - Multisig implements if passed
Governance Parameters
| Parameter | Value |
|---|---|
| Voting Token | gSLOHM |
| Quorum | 10% of circulating |
| Pass Threshold | >50% of votes |
| Voting Period | 5 days |