On-chain governance

Two voting tracks, one source of truth.

Proposals run a 5-day vote window followed by a 48-hour timelock. Gauge weights are voted weekly and continuously re-shape emissions.

Proposals

#17 Active

Onboard jitoSOL as a lending market collateral

Add jitoSOL with 70% collateral factor, 75% liquidation threshold, Pyth+Switchboard feeds. Borrow cap 50k for first 30 days.

Ends in

1d

For12.4M · 85.9%
Against1.8M · 12.5%
Abstain240K · 1.7%
Quorum: pendingTotal votes: 14.44M veIDEA
#16 Timelock

Reduce USDC lending reserve factor 15% → 10%

Higher supplier yield to attract deeper liquidity. Treasury impact: -$240k/yr at current TVL.

For22.1M · 85.3%
Against3.4M · 13.1%
Abstain410K · 1.6%
Quorum: reachedTotal votes: 25.91M veIDEA
#15 Executed

Activate fee switch: route 50% of swap fees to veIDEA

First activation of the protocol fee switch. Begins streaming fee revenue to weekly veIDEA distributions per tokenomics.

For38.9M · 96.8%
Against1.2M · 3.0%
Abstain80K · 0.2%
Quorum: reachedTotal votes: 40.18M veIDEA

Gauge weights

Week 24

Allocate your veIDEA across gauges. Tally runs every Sunday at 00:00 UTC.

USDC/IDEA32.0%
SOL/IDEA24.0%
USDC/SOL21.0%
USDC/USDT11.0%
SOL/mSOL7.0%
SOL/jitoSOL5.0%

Your votes carry weight equal to your veIDEA at week-start. Decayed locks vote with the diminished balance. Re-lock to refresh.