Governance

Illiquids operates under a decentralized governance model, empowering its community of token holders to actively participate in the platform's decision-making process. By using the native QUIDS token, the platform ensures that its future development and key changes are shaped by its user base, creating a system of transparency, inclusivity, and shared ownership. Governance is one of the core components of Illiquids, enabling users to have a direct influence over the platform's operations, fees, and features.

Key Features of Illiquids' Governance

1. Decentralized Decision-Making

   • The governance model of Illiquids is fully decentralized, meaning that QUIDS token holders have the power to propose and vote on important changes to the platform. This ensures that no single entity has control over the platform, and decisions are made in a democratic manner by the community.

2. Proposal System

   • Any QUIDS token holder can submit a proposal for platform improvements, policy changes, fee adjustments, or other upgrades. Proposals are then reviewed and presented to the community for voting. The proposal system is open and transparent, allowing anyone in the community to contribute to the growth and evolution of Illiquids.

3. Voting Power

   • The voting power of each participant is proportional to their QUIDS holdings. The more QUIDS a user holds, the greater their influence over the governance decisions. This incentivizes active participation and engagement within the ecosystem, as token holders who are invested in the platform's success have a stronger voice in shaping its future.

4. On-Chain Transparency

   • All governance activities, including proposal submissions and voting outcomes, are recorded on-chain via Ethereum smart contracts. This ensures transparency and immutability, meaning that all community decisions are publicly verifiable and cannot be tampered with. The use of blockchain technology guarantees that governance processes are secure, open, and trustless.

5. Areas of Influence

   • QUIDS holders can influence a variety of important aspects of the platform through governance, including:

     • Platform Fees: Adjustments to the 5% transaction fee, or the allocation of funds collected from fees.

     • Upgrades: Implementation of new features, upgrades to the platform's smart contracts, and technical improvements.

     • Incentives: Changes to the staking rewards, liquidity incentives, or other user reward programs.

     • Partnerships: Approving strategic partnerships and ecosystem expansions with other DeFi platforms or LP locking services.

     • Tokenomics: Adjustments to the tokenomics of QUIDS, including burning mechanisms or supply management strategies.

6. Staking and Governance Participation

   • In addition to voting power, users who stake QUIDS tokens gain access to additional governance privileges. Staking QUIDS not only provides rewards and unlocks premium features, but also enhances a user’s participation in the governance process. By staking, users show their long-term commitment to the platform and can influence larger governance decisions.