Governance & Voting

User-Points DAO today. veXPGN + Governor next. Transparent proposals, clear thresholds, and time-locked execution.

Snapshot (coming soon)Governance Forum (coming soon)

TL;DR

Open Proposals

Anyone can submit a public proposal.

Phase A (now)

Voting power = Paragon Points. Snapshot votes guide the core multisig via a Timelock policy.

Phase B (soon)

On-chain veXPGN (locked XPGN → voting NFT). Binding execution by Governor + Timelock.

Bridges: Points can be delegated, expire seasonally, and will map to boosts (or a one-time allocation) when veXPGN goes live.

What is the User-Points DAO?

Paragon Points (“Points”) give active users a voice now, without waiting for the full locking system. Points are non-transferable, wallet-bound, earned by usage, seasonal, and delegable.

Governance policy: while the core multisig is the legal executor today, it commits to follow passing Snapshot votes except for security/emergency exceptions. All executions are behind a Timelock.

How you earn Points

Swapping via Paragon (with intents/Flow): volume-weighted; savings/surplus boost.
Providing liquidity: utilization-weighted (volume your pool actually routes).
Staking/locking: stXPGN/veXPGN (when live) apply multipliers to earned Points.
Farming participation: active farm deposits (time-weighted).
Governance participation: voting/creating proposals, forum activity (anti-spam caps).
Ecosystem contribution: bug bounties, docs, integrations (manually awarded, transparent logs).

Anti-Sybil

Caps, activity thresholds, and manual review for suspicious clusters.

Seasonality

Points tallied in Seasons (e.g., 4–8 weeks) and decay/reset at Season end.

Delegation

Off-chain signature; change/revoke anytime.

Proposal flow (two-stage)

Temperature Check (Snapshot / Off-chain)
- Anyone meeting the proposal threshold can post.
- Quorum and simple majority (higher bands for fee/risk changes).
- Passing items move to Binding Vote or Core Review.
Binding Vote (On-chain or Time-locked Execution)
- Before veXPGN: core multisig queues in Timelock (≥48h); executes if Snapshot passed and no security veto is invoked.
- After veXPGN: Governor + Timelock; voting power = veXPGN (Points may grant proposal rights/boosts).

View Snapshot Space Timelock Queue

What can be proposed?

DEX parameters: fees, Surplus & Rebates splits, Shield settings, router lists.
Emissions & Gauges: XPGN emissions, utilization weights, bribe markets.
Listings: new farms/pools, vaults, P10 composition cadence/filters.
Treasury/Shield: grants, co-incentives, audits, buyback policies.
Risk controls: oracle lists, pause thresholds, circuit-breaker rules.
Product roadmap: priority features and partnerships.

Guardrails: emergency pauses, critical upgrades, and security hotfixes may be executed by a pre-declared Guardian with public post-mortems and time-boxed authority.

Voting power today vs. tomorrow

Phase	Voting power	Execution	Where
Now (Testnet & early Mainnet)	Paragon Points (seasonal, delegable)	Policy-binding via Multisig + Timelock	Snapshot + forum
Next	Hybrid: veXPGN + Points boost	Governor + Timelock (binding)	On-chain
Steady state	veXPGN (lock-based NFT)	Governor + Timelock	On-chain

Migration promise: meaningful Point holders will receive boosts/allowances in early veXPGN (e.g., power multiplier for N epochs or proposal whitelist).

Delegation

Delegate your Points via off-chain signature.
Delegates build public profiles (track record, areas of focus).
Change/revoke any time; effective next vote.

Thresholds & parameters (initial)

Proposal threshold

25k Points

Quorum

1M Points

Majority

≥50% Yes (60%+ fees/risk; 66%+ emergency)

Voting period

5–7 days

Timelock delay

≥48 hours

Guardian scope

Security-critical only; post-mortem ≤72h

Numbers are illustrative; governance can tune them by proposal.

Transparency & interfaces

Gov Portal: proposals, vote power, delegates, execution status.
Leaderboard: wallet Points, Season stats, top delegates.
Receipts: per-vote proofs (addresses, weights, tallies).
Archives: proposal history, upgrades, timelock transactions.

veFlow & Utilization Gauges

veFlow is a vote-escrowed NFT you mint by locking XPGN. Lockers direct emissions and influence surplus routing when paths tie. Lockers also share in captured surplus and bribes.

Locking parameters (initial)

Lock asset: XPGN (optionally via stXPGN adapter)
Lock duration: 1 → 104 weeks
Voting power: veFlow = XPGN × (weeks / 104)
NFT transferable after unlock; extend/add supported
Weekly epochs; rewards accrue to the veFlow NFT

Utilization Gauges

Emissions prefer pools that traders actually use, blending votes with a Flow Utilization Score (FUS).

effective_weight_i = vote_weight_i × (1 + β × norm(FUS_i))
emission_i        = EPOCH_EMISSIONS × (effective_weight_i / Σ effective_weights)

FUS combines volume share, price-impact smoothness, and liquidity stickiness (7d window).

Roadmap for Governance

S0 (now)

Points live, Snapshot votes, public timelock policy; delegate directory.

S1

Points API + explorer, proposal templates, forum guidelines; first parameter votes.

S2

Ship veXPGN + Governor; map Season Points → boosts; begin hybrid voting.

S3

Fully on-chain governance; Points remain a participation score / delegate discovery.

FAQ

Is this a token?

No. Points are not transferable, tradable, or a promise of value.

Will my Points disappear?

They decay or reset by Season. We announce rules up front each Season.

What stops whales from dominating?

Seasonal decay, activity-based accrual, and (for veXPGN) time-weighted locks — plus open delegation and public scrutiny.

How do I start?

Use Paragon (swap, LP, farm), join proposals, and delegate or run as a delegate. Your actions this Season determine your voice.

Ready to participate?

Propose, vote, delegate, and track execution in one place.

Snapshot (coming soon)Visit Forum (coming soon)View Timelock (coming soon)