Governance system of Pegaswap Platform

Each Pegaswap Token holder can stake their tokens and make vote for important events in the Pegaswap Ecosystem. All governance voters will be rewarded in Pegaswap Tokens (Governance reward), and additional reward — distribution of 20% from fees colected by swapping on Pegaswap Platform to all stakers in equal proportions of staked tokens.

Liquidity providers can participate in governance of their pool directly with their LP tokens. The weight of each user’s vote is proportionate to the amount of tokens they have staked. The protocol uses a weighted average of all votes, applying it linearly within 24 hours. Non-voting liquidity providers automatically delegate their votes to Pegaswap Token stakers. Pool governance will include the configuration of parameters that are specific to each pool, such as the swap fee, the price impact fee and the decay period.

One of the main voting will take place after the Genesis Mining Event — “limited or non-limited issue of all Pegaswap Tokens”, and also a few additional votes about token distribution, roadmap for the development project.

Published by Pegaswap Foundation



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