Governance Framework

Nebula adopts a DAO (Decentralized Autonomous Organization) structure, where decisions are proposed, voted on, and executed by the community.

Proposals

• Any token holder can submit a governance proposal after meeting a minimum threshold of Nebula tokens.

• Proposals cover various aspects of the protocol, such as:

  • Adding new collateral assets.

  • Adjusting collateralization ratios and interest rate parameters.

  • Allocating funds for ecosystem growth.

  • Updating smart contracts and deploying new features.

Voting

• Governance participants vote on proposals using their Nebula tokens.

• Voting power is proportional to the number of tokens held or staked.

• A quorum must be reached for a proposal to be considered valid.

Execution

• Approved proposals are executed via smart contracts to ensure transparency and immutability.

• Certain changes, such as protocol upgrades, may be subject to a timelock period, allowing community review.