DerivaDEX
  • Overview
  • Introduction
    • Getting started
  • Funding your account
    • Deposits
    • Withdrawals
  • Trading on DerivaDEX
    • Perpetual swaps
      • Funding rate
    • Strategy
    • Fees
    • Position management
      • Order types
    • PNL
    • Liquidations
  • Platform features
    • Insurance fund
    • Trade mining
    • Checkpoints
    • Price feed
  • Security
    • Account data
    • Execution security
  • Technical and Developer
    • API
    • Contract addresses
  • Troubleshooting and FAQ
    • FAQ
    • Troubleshooting
  • Governance
    • DerivaDAO Governance
    • DerivaDEX Improvement Proposals (DIPs)
    • Voting and Delegation
Powered by GitBook
On this page
  • Introduction to the DerivaDAO
  • Governance structure

Was this helpful?

  1. Governance

DerivaDAO Governance

Introduction to the DerivaDAO

The DerivaDEX protocol is governed by the DerivaDAO. DAO is shorthand for “decentralized autonomous organization”, a concept often used in decentralized applications to refer to smart-contract based governance, where token holders are able to make proposals regarding changes to a protocol, and vote on them.

Governance structure

The DAO and voting power

All DDX token holders participate in governance, with voting power proportional to their token holdings.

Governance decisions include:

  • Approving protocol updates

  • Managing DAO-owned funds

  • Appointing Bond Providers and Foundation directors

Types of proposals

  1. On-chain Proposals: Direct changes to protocol code or smart contracts.

  2. Hybrid Proposals: Combine on-chain changes with off-chain activities.

  3. Off-chain Proposals: Non-binding, ratified by the DAO.

Proposal process

  1. Security Council Review: Assesses potential risks.

  2. Voting: Open for 3 days; 4% quorum needed.

  3. Execution: If approved, the proposal is implemented on-chain.

PreviousTroubleshootingNextDerivaDEX Improvement Proposals (DIPs)

Last updated 8 months ago

Was this helpful?

Draft Creation: Shared on the .

DIP Submission: Created and submitted on the .

Governance Forum
DIPs Repository