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Genesis Yield Farming Program
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Governance
As a community-driven project, Layer protocol governance will rely on the community DAO to the maximum extent. All $LAYER token holders can participate in the governance of the agreement and fully express their opinions. Communities can vote on the following through governance:
  1. 1.
    The type of assets deposited and related parameters supported by the claim agreement.
  2. 2.
    The purpose of DAO Treasure funds.
  3. 3.
    Other matters related to ecological development and product direction.

Voting processes

  1. 1.
    There is a preliminary consensus in the community discussion.
  2. 2.
    Team community leaders launched an off-chain Snapshot voting proposal based on the consensus reached in the community discussion.
  3. 3.
    The community participates in the vote on the proposal and finally decides whether the proposal is accepted by the platform. The adoption of the proposal requires the following two conditions at the same time:
    ​
    💪
     The number of votes in support is not less than 1% of the circulating $LAYER.
    ​
    👏
     There are more votes in favour than against.
  4. 4.
    The voting duration is 24 hours. After that, the team will make the result of the voting public and complete the contract deployment within 24 hours if the proposal passes.

Snapshot Space

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