Single Finance
  • 🧑‍🌾Single Finance Lab
  • 🎇Getting Started
    • MetaMask
    • Crypto.com DeFi Wallet
  • 🔗Useful Links
  • Overview
    • 🌿Our Products
    • 🛡️Capital Protection (USD)
      • Stoploss, Lend & Stake
    • 💻Terminology
    • 💰Fee & Parameters
      • Single-Click Strategy
      • Leveraged Yield Farming
      • Lending & Interest Rate Model
    • 🗓️Roadmap
    • ❗Risks
  • Yield Farming
    • ⚖️Single-Click Strategy
      • Mechanics of Pseudo Market-Neutral Strategy
      • [Feature] Position Rebalance on Pseudo Market-Neutral Strategy
      • Mechanics of Leveraged Short/Long Strategy
    • 🌾Leveraged Yield Farming
      • [Boosting] VVS Boost Farms
      • [Boosting] xGRAIL Boost Farms
    • 👣Step-by-Step Guide
      • Open a Pseudo Market-Neutral Strategy Position
      • Adjust/Close your Pseudo Market-Neutral Strategy Position
      • Position Rebalance on Pseudo Market-Neutral Strategy
      • Open a Leveraged Short/Long Farming Position
      • Adjust/Close your Leveraged Short/Long Farming Position
      • Open a Leveraged Yield Farming Position
      • Adjust/Close your Leveraged Yield Farming Position
      • Manual Harvest
    • 🤯Liquidation
    • 💸Price Impact
    • 📈Price effect vs Impermanent loss
    • ❓FAQ
  • Lending & Staking
    • 🏦Lending & ibTokens
    • 🗳️$SINGLE Staking (Cronos only)
    • 👣Step-by-Step Guide
      • Lend and Stake Assets to Lending Pool
      • Unstake and Withdraw Assets from Lending Pool
      • Upgrade to V2 Staking Vault (for existing lenders)
      • Withdraw Assets from Capital Protected Vault
    • ❓FAQ
  • Tokenomics
    • 🌠SINGLE Token
    • 🚅veSINGLE Token
      • veSINGLE Formula
      • Step-by-Step Guide
    • 🏨Protocol Governance
    • 💓Farming Reward
    • 🌕How to Bridge/Swap SINGLE
  • AUTOSINGLE
    • 🤖AutoSingle Protocol
  • Language
    • 한국어
  • Litepaper
    • Background
    • Liquidity Mining
    • Risks and Pain Points
    • The Single Finance Protocol
      • Pseudo Market-Neutral Strategy
Powered by GitBook
On this page
  • Quick Summary
  • Introduction
  • Voting Mechanism
  • Procedures
  • Proposals
  1. Tokenomics

Protocol Governance

PreviousStep-by-Step GuideNextFarming Reward

Last updated 1 year ago

Quick Summary

  • 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)

Introduction

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

Voting Mechanism

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)

Procedures

  1. Select the ongoing SIP, read through the proposal and ensure you have full understanding what is being proposed

  2. On the right hand side, select the vote you would like to cast

  3. 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.

For your vote to be valid, your balance of veSINGLE must be maintained at the same or higher level throughout the entire proposal voting and validating period.

Proposals

You can find the details of all the current & previous SIPs here:

Go to the "Governance" section in the and select the relevant proposal

🏨
Governance page
Guides
app
[SIP-1] Support new farm VVS-VNO on Leveraged Yield Farming
[SIP-2] Integrate Single Finance to a new chain
[SIP-3] Prioritize to support new farm VVS-FUL on Leveraged Yield Farming and FUL on Lend (Cronos)
[SIP-4] Adding the cross-chain features on existing lending pools of common tokens