Governance
Monolythium uses on-chain governance for protocol decisions. LYTH holders can propose and vote on changes.
Overview
| Parameter | Value |
|---|---|
| Voting period | 5 days |
| Minimum deposit | 10,000 LYTH |
| Quorum | 33.4% of staked LYTH |
| Pass threshold | 50% Yes votes |
| Veto threshold | 33.4% NoWithVeto |
Proposal Types
| Type | Description |
|---|---|
| Text | Signaling proposals (no automatic execution) |
| Parameter Change | Modify chain parameters |
| Software Upgrade | Coordinate binary upgrades |
| Community Pool Spend | Allocate community funds |
Proposal Lifecycle
Draft → Deposit Period → Voting Period → Passed/Rejected
- Draft: Proposer creates proposal
- Deposit: Must reach minimum deposit within period
- Voting: Stakers vote during voting period
- Outcome: Passed, Rejected, or Vetoed
Voting Options
| Option | Meaning |
|---|---|
| Yes | Support the proposal |
| No | Oppose the proposal |
| NoWithVeto | Oppose and consider spam/harmful |
| Abstain | Participate in quorum without taking a position |
Voting via Keplr
- Open Keplr
- Select Monolythium
- Go to Governance section
- Select active proposal
- Choose your vote
- Confirm transaction
Voting via CLI
monod tx gov vote <proposal-id> <option> \
--from <your-key> \
--chain-id <chain-id>
Options: yes, no, no_with_veto, abstain
Proposal Outcomes
Passed
- Quorum met (33.4% voted)
- More than 50% Yes
- Less than 33.4% NoWithVeto
Rejected
- Less than 50% Yes, or
- Quorum not met
Vetoed
- More than 33.4% NoWithVeto
- Deposit burned (not returned)
Creating a Proposal
Submit Proposal
monod tx gov submit-proposal \
--title "Proposal Title" \
--description "Detailed description" \
--type Text \
--deposit 10000000000000000000000alyth \
--from <your-key> \
--chain-id <chain-id>
Deposit to Proposal
monod tx gov deposit <proposal-id> <amount>alyth \
--from <your-key> \
--chain-id <chain-id>
Governance Parameters
What can governance change:
- Staking parameters (unbonding time, max validators)
- Slashing parameters
- Distribution parameters
- Governance parameters themselves
What governance cannot change (requires upgrade):
- Fee burn ratio (90/10)
- Inflation schedule (milestone-based)
- Guard threshold
Best Practices
- Read proposals carefully before voting
- Participate in discussions on community channels
- Consider validator votes (validators vote on your behalf if you don't)
- Vote before deadline to ensure your voice is counted
FAQ
If I don't vote, what happens?
Your validator votes on your behalf. If the validator doesn't vote, your stake doesn't count toward the proposal.
Can I change my vote?
Yes, you can change your vote until the voting period ends.
What if the deposit isn't reached?
The proposal fails and deposits are returned.
Where can I discuss proposals?
Check official community channels for governance discussions.