Governance

What governance does today

Asentum has an on-chain governance contract on the public testnet. It is a signalling contract: it records proposals, votes and a result. A passed proposal does not change a parameter, spend treasury funds or upgrade the protocol by itself. Nothing is executed automatically. Real changes still ship as node releases, and a vote tells the team and the network what holders want.

Proposals carry a category: general, parameter or aip (Asentum Improvement Proposal). Topics people use it for include parameter tuning, protocol changes and ecosystem ideas.

Voting power

Voting is lock-to-vote. Your vote weight is the ASE you send with your vote, and that ASE comes back to you as soon as voting on that proposal ends. Any address can vote, for or against. There is no abstain option.

Voting is not stake-weighted yet. Bonded ASE does not count as votes. Delegation is not live on the testnet yet (it is coming in a future update), and when it ships it will not hand a validator your vote. Stake-weighted voting is on the roadmap, not live.

Proposal lifecycle

1. Propose. Any address can create a proposal by sending a 100 ASE bond.
2. Vote. The voting window is 2,160 to 604,800 blocks, 43,200 by default (about 24 hours at 2 second blocks). Anyone can vote by locking ASE.
3. Withdraw. When voting ends, voters withdraw their ASE.
4. Execute. 100 blocks after voting ends, anyone can call execute(). It needs 1,000 ASE of votes, not counting the proposer's own vote. More for than against is passed; a tie or more against is rejected; below 1,000 ASE is no_quorum.
5. Bond. The proposer gets the 100 ASE bond back when quorum is met (passed or rejected). With no quorum, the bond is forfeited and stays in the contract.

How to take part

Vote on asentum.com/governance with the Asentum Wallet browser extension. The Operator desktop app does not have a governance tab. For the full rules, the money flow and the contract methods, see Protocol Governance.

Status