🗳️ Governance Overview
🌐 Overview
Governance is at the heart of the Lava Network’s decentralized approach, enabling the community to shape the future of the protocol collaboratively.
The governance model in Lava is on-chain, meaning that all voting and proposal mechanisms are conducted directly on the blockchain. This ensures a transparent and tamper-proof process, where every stakeholder’s input can be tracked and verified. With this approach, the community collectively decides on upgrades, changes to network parameters, specification updates, and more.
🛠️ How Governance Works in Lava
The governance process typically follows a structured proposal lifecycle, where any community member can draft a proposal and submit it for review. Here’s a high-level overview:
- Proposal Drafting: A community member identifies an area of improvement or a change needed and drafts a proposal outlining the details.
- Optional: Proposal Discussion: A community member shares their proposal as a forum post for feedback, prior to onchain vote.
- Deposit Period: The proposal requires a minimum deposit of LAVA tokens to progress to vote. The deposit acts as a signal of intent and helps prevent spam proposals.
- Voting Period: Token holders can cast their votes on the proposal using options like Yes, No, No with Veto, or Abstain. The voting process is open to all LAVA stakers, including delegators.
- Tallying and Execution: Once the voting period ends, the results are tallied based on specific thresholds (e.g., quorum, veto threshold). If the proposal passes, the changes are implemented on-chain.
🏛️ How to Participate in Governance
- Discuss Proposals: To discuss major proposals prior to the onchain voting process, go to the Lava Community Forum. Here, you can browse key discussion points which may become onchain votes e.g. update to the protocol that changes Provider requirements.
- Review Proposals: To view and follow ongoing proposals, visit the Lava Governance Explorer on Explorer Guru. Here, you can read the proposal details and track its current status.
- Vote on Proposals: If you’re a LAVA token holder, you can cast your vote directly on the Lava Voting Dashboard on Mellifera Network. This platform allows you to participate in governance decisions and make your voice heard.
These explorer links provide a user-friendly way for the community to engage with live governance proposals, ensuring transparency and ease of participation.
In the following sections, we’ll dive deeper into the proposal lifecycle, the different types of proposals you can submit, and the parameters that govern Lava’s decision-making process.