PEAKDEFI
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    • â„šī¸Introduction
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    • âš–ī¸Governance Intro
    • 💡How To...
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  1. Governance

Governance Intro

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Last updated 2 years ago

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The PEAKDEFI protocol is governed and upgraded by PEAK token-holders, using three distinct components; the token, governance module (), and . Together, these contracts allow the community to propose, vote, and implement changes. Proposals can modify system parameters, mint / burn PEAK tokens, or add entirely new functionality to the protocol.

PEAK token-holders can delegate their voting rights to themselves, or an address of their choice. Addresses delegated at least 10,000,000 PEAK can create governance proposals.

When a governance proposal is created, community can cast their votes and voting weights are recorded. Voting lasts for 7 days; if a majority, and at least 40,000,000 votes are cast for the proposal, it is queued in the Timelock, and can be implemented 2 days later. In total, any change to the protocol takes at least one week.

Addresses

PEAK token, Timelock, GovernorAlpha contracts are deployed on Ethereum network at following addresses

Peak Token: 0x630d98424efe0ea27fb1b3ab7741907dffeaad78
Timelock: 0x5A88Bcfe2aB1a5cF720438cF605314E8ed2380d3
GovernorAlpha: 0x1a76fF40cDDBF908E3289414d54F6CAA85beF0A2
âš–ī¸
PEAK
Governor Alpha
Timelock