Governance
Governance
CK Finance DAO governance — proposal process, voting, and community decision-making.
Governance
CK Finance will transition to community governance through a decentralized autonomous organization (DAO). CK Token holders will collectively decide on protocol upgrades, fee structures, treasury allocation, and ecosystem direction.
Governance Model
CK Finance uses a token-weighted governance model with time-lock execution:
| Parameter | Value |
|---|---|
| Governance Token | CK (ERC-20) |
| Voting Power | 1 CK = 1 vote (staked tokens only) |
| Proposal Threshold | 10,000 CK (min. to submit proposal) |
| Quorum | 5% of staked supply |
| Voting Period | 5 days |
| Time-Lock Delay | 48 hours (after vote passes) |
Proposal Process
1. Discussion (Off-chain)
Before submitting on-chain, proposals are discussed in community channels:
- Forum — Long-form discussion and feedback
- Discord — Real-time community debate
- Snapshot — Temperature check votes (gasless)
2. Formal Proposal (On-chain)
Requirements to submit:
- Hold or be delegated at least 10,000 CK
- Include: title, summary, motivation, specification, and implementation plan
- Proposals that affect smart contracts must include code diffs or audit reports
3. Voting
- Voting period: 5 days
- Quorum: 5% of total staked CK must participate
- Approval: Simple majority (>50%) of votes cast
- Votes are cast on-chain and are irreversible
4. Execution
- Approved proposals enter a 48-hour time-lock
- During the time-lock, the community can review the pending changes
- After the time-lock, the proposal is executed automatically or by a multisig
What Can Be Governed?
| Category | Examples |
|---|---|
| Protocol Fees | Swap fee rate, bridge fee split, burn percentage |
| Treasury | Fund allocation for development, marketing, grants |
| Token Economics | Burn rate adjustments, staking reward distribution |
| Partnerships | New chain integrations, protocol partnerships |
| Upgrades | Smart contract upgrades, feature additions |
Delegation
Token holders who don't want to vote directly can delegate their voting power to another address. Delegation:
- Is free (no gas for delegating)
- Can be changed or revoked at any time
- Does not transfer tokens — only voting power
Governance Timeline
| Phase | Status | Description |
|---|---|---|
| Phase 1 — Foundation | Current | Core team manages protocol with community input |
| Phase 2 — Soft Governance | Q3 2026 | Snapshot votes on major decisions, multisig execution |
| Phase 3 — Full DAO | Q1 2027 | On-chain governance with Governor contract and time-lock |
CK Finance is committed to progressive decentralization. The goal is for the community to fully control the protocol.
Security Measures
- Time-lock prevents immediate execution of potentially harmful proposals
- Quorum requirements prevent low-participation attacks
- Multisig fallback for emergency situations (can pause protocol, not change parameters)
- Governance contract will be audited before deployment