Protocol Governance
Last updated
Last updated
All veSINGLE holders can take part in the governance (1 claimed veSINGLE = 1 vote)
In current phase, protocol stakeholders can vote on the direction of business & product development of Single Finance and AutoSingle
Normal voting period for each Single Improvement Proposal (SIP) is 96 hours, quorum has to be passed
Visit our to review and vote on the SIPs (NO GAS is needed)
The Protocol Governance of Single Finance covers governance mechanisms, business direction, product development and financial incentives, aiming to share a vision of alignment between various stakeholders within the Single Finance ecosystem.
The establishment of whole governance consists of 3 phases:
Phase 1 - Protocol stakeholders can vote on the direction of business & product development of Single Finance & AutoSingle
Phase 2 - Significant veSINGLE holders can initiate an improvement proposal on different aspects including product features upgrade, parameter optimization, protocol enhancement, etc.
Phase 3 - On top of Phase 1 & 3, a debating forum will be set up, in depth discussion and temperature check are required before formal on-chain voting
In order to vote, you need to have claimed veSINGLE tokens. ( to acquire veSINGLE)
One claimed veSINGLE will be considered as one voting power.
The different voting options can allow the users to:
Choose only one option (Single-choice Voting)
Spread the votes over multiple options (Weighted Voting)
Approve a certain number of options (Approval Voting)
Rank the different choices in the order of preference (Ranking Voting)
Select the ongoing SIP, read through the proposal and ensure you have full understanding what is being proposed
On the right hand side, select the vote you would like to cast
Confirm your vote
You can change/adjust your vote at any moments before the end of the voting period. Your previous vote will automatically be cancelled.
You can find the details of all the current & previous SIPs here:
Go to the "Governance" section in the and select the relevant proposal