Understanding Governance

Governance is crucial to the protocol, which is given to the decentralized community DAO. the community DAO determines the protocol development direction and incentive matters, including product upgrades, token economic model upgrades, issuance volume, interest rates, stable coin liquidity allocation, etc.

DAO weights are unique - and mutually exclusive, so you can only choose to give either trading governance or liquidity governance, for acceleration or voting, for the same period.Community members can participate in DAO governance using veCrus with voting rights.

Voting on the Crus DAO

To vote on the Crus DAO, users need to lock vote lock their Crus. By doing so, participants can earn a boost on their provided liquidity and vote on all DAO proposals. Users who reach a voting power of 2000 veCrus can also create new proposals. There is no minimum voting power required to vote.

Voting Power

veCrus stands for vote escrowed Crus, it's a locker where users can lock their Crus for different lengths of time to gain voting power. Users can lock their Crus for a minimum of week and a maximum of four years. As users with long voting escrow have more stake, they receive more voting power.

Submitting proposals

If you wish to create a new official proposal, you should draft a proposal and post it on the governance forum. You must also research that it's possible and gauge interest of the community via the Crus Discord or Governance forum.

If you're not sure about the technical details of submitting your proposal to the Zksync blockchain, you can ask a member of the team to help.