Governance
At Minoan Perpetual Exchange we believe in decentralization. We have multiple DAO's to control, update and monitor our app and its features.
Ariadne DAO's
Ariadne DAO's are in control over their own loan pool for their respective asset. For example if a user stakes with TESLA pool, they will receive Ariadne tokens corresponding to the TESLA Ariadne DAO. With these tokens a staker can vote and propose new changes to how the loan pool works as well as the DAO's own internal mechanisms.
Ariadne DAOs represent liquidity providers within the ecosystem. They have the power to vote on various parameters related to the loan pool, such as interest rates, minimum margin requirements, and trading fees. Ariadne DAOs play a crucial role in determining the operational aspects of the platform.
Loan Pool Variables for Ariadne DAOs
Interest Rate
Interest Periods
Trading Fee
Minimum Holdings Requirement Percentage
Max Loan
Min Loan
Minimum Margin Requirement
Theseus DAO
Similar to Ariadne DAO in how a user can become a part of the DAO i.e. stake. The Theseus DAO can vote not only on internal voting mechanisms but has the responsibility to monitor the other DAO'S, as well as updating contracts and their addresses.
Theseus DAO sets ranges for Ariadne DAO and their pool's functions. This sis to keep pools properly functioning and the protocol as a whole both user friendly and healthy.
Theseus DAO in case of updating to new contracts or adding new AMMs Theseus must vote on these.
Loan Pool Variables for Theseus
Range for Interest Rates
Range for Interest Periods allowed
Range for Trading Fee allowed
Range for Minimum Holdings Requirement allowed
Range for Max Loan
Range for Min Loan
Range for Minimum Margin Requirement
Initialize new AMM
VAmm Variables for Theseus DAO
add/remove Amm
update Quote Asset Starter
update Index Price Period
update Price Feed
update Payload
Internal DAO Functions
update Voting Time
update Signatures Required
update Max Voting Power
update Min Voting Power
update Votes Needed Percentage
Governance Mechanism
The governance mechanism of the exchange is designed to ensure decentralized decision-making and active participation from token holders. It empowers the community to collectively shape the future development and direction of the platform.
Token holders of the Ariadne or Theseus, have voting rights within the governance mechanism. The number of votes a token holder possesses is proportional to the number of respective tokens they hold. This ensures that larger stakeholders have a greater influence on the decision-making process.
Any token holder can submit a proposal for consideration within the governance mechanism. Once a proposal is submitted, token holders have the opportunity to vote on it. The voting process can be conducted through the Minoan Exchange decentralized application (Dapp). Token holders can cast their votes, indicating their support to the proposal. The voting period is typically defined, allowing sufficient time for token holders to participate.
Quorum and Threshold
To ensure the legitimacy of the voting process, a minimum quorum and threshold may be set. The quorum represents the minimum number of tokens that need to be actively participating in the vote for it to be considered valid. The threshold represents the minimum percentage of votes required for a proposal to be approved.
Execution of Approved Proposals
If a proposal receives sufficient votes and meets the quorum and threshold requirements, it is considered approved. The code is executed the approved proposal, making the necessary changes or taking the specified action. The execution of approved proposals is transparent and auditable.
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