Modeled after the battle-tested MakerDAO governance framework, Orion Protocol is entirely governed by its community through the ORN token. Token holders manage the protocol's risk parameters, features, and expansion.
The ORN token grants direct voting rights. The voting power of an ORN holder is strictly proportional to the amount of ORN they lock into the governance voting contract.
Governance Polls establish a soft consensus on important issues and sentiments before they are written into code. They are time-based resolutions to ensure community alignment.
Executive Votes "make it real." Passing an Executive Vote actively triggers a smart contract state change, implementing the approved protocol parameters instantly and autonomously.
Inspired by Maker Improvement Proposals (MIPs), any community member can introduce an Orion Improvement Proposal (OIP) on the community forum for public debate and refinement.
Once an OIP has been thoroughly debated, it moves to a Governance Poll. ORN holders stake their tokens to signal their support or opposition over a fixed polling period.
If the poll passes, code is written to enact the change. An Executive Vote is initiated. Orion uses a Continuous Approval Voting model; the new proposal must attract a majority of staked ORN compared to the current active baseline state to take effect.
Once the threshold is met, the change is scheduled via a Timelock contract (Governance Security Module) to ensure market safety before the new logic permanently modifies the protocol.
Adjusting the aggregator routing fees and LP yield distributions.
Evaluating and passing new cross-chain assets for terminal integration.
Voting on developer grants and allocating protocol revenue.
Implementing new security architectures and protocol enhancements.