Governance

Proposals

Any holder with at least 100,000 BUIO, alone or delegated, can open a proposal. Proposals cover parameter changes, treasury spending and protocol upgrades.

Voting

Voting runs for seven days. A proposal passes when at least 10% of staked supply takes part and a simple majority votes in favour.

Execution

Passed proposals wait in a 48 hour timelock before they take effect, which gives anyone who disagrees time to exit.