Governance
Decentralized. Enforced. Elected.
Project X is governed by token holders through a structured, on-chain council system. Treasury decisions are executed with transparency, agility, and enforced protocol limits to protect the vault and its stakeholders.
Governance Structure
A multi-layered approach to decentralized decision-making.
Stake $XGODS to gain voting power and participate in the DAO by voting in quarterly Council elections.
Elected by stakers every 3 months. Councillors review and vote on treasury proposals and can impeach rogue members.
Elected from the top councillor candidates. This is the only role allowed to propose treasury withdrawals, requiring a 2-of-3 signature consensus to submit a proposal.
Proposal Lifecycle
A transparent and secure process for treasury decisions.
1. Proposal Submission
A High Councillor drafts and submits a treasury proposal.
2. High Council Consensus
Requires 2-of-3 signatures from High Councillors to validate and forward the proposal.
3. Councillor Vote
The 7 Councillors vote on the proposal. A 5-of-7 majority is required for approval.
4. Treasury Execution
If passed, the proposal is automatically executed by the treasury smart contract program.
5. Immutable Record
All proposal details, votes, and execution results are permanently stored on-chain for transparency.
To ensure long-term sustainability and protect treasury assets, the DAO may only approve proposals with a cumulative value of up to 25% of its total holdings each quarter. This limit is strictly enforced by the treasury smart contract.
View active proposals and governance history.
Voting Power Calculation
Rewarding long-term commitment to the protocol.
Voting Power = Staked $XGODS × Time Multiplier
This mechanism encourages sustained participation and aligns token holders with the long-term success of Project X.
Emergency Actions & Safeguards
Ensuring protocol safety and decentralized control.
Token holders can initiate a vote to dissolve the current council in critical situations.
The Council can vote to dissolve itself if it deems necessary for protocol integrity.
A supermajority Council vote can impeach and remove a rogue or inactive member.
These emergency actions are designed as crucial fallbacks to ensure the long-term decentralization, security, and integrity of the Project X protocol. They are intended for rare and extreme circumstances.
Live Governance Insights
Key metrics and current state of the DAO.