Balanced
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Governance
Balanced is a DAO owned and operated by Balance Token holders. Although it is a DAO, it’s still important to ensure a group of people are dedicated to actively developing the product. With Balanced Worker Tokens (BALW), we can make this possible.

Balanced worker tokens

Balanced worker tokens are entitled to a certain portion of the daily Balance Token inflation. At launch, and unless Balance Token holders vote otherwise, Balanced worker tokens will be entitled to 20% of the Balance Token inflation.
Balanced worker tokens can be transferred two ways: either by the holders of BALW, or via a vote by Balance Token holders. There will only be 100 BALW, with the initial allocation split between the initial workers: ICX Station, ICONOsphere, PARROT9, Mousebelt, and ICON DAO.

Balance Token governance power

The governance powers of Balance Token holders include, but are not limited to:
    Adjusting fees
    Adjusting fee distributions
    Adjusting inflation allocations
    Adjusting the unstaking period of Balance Token
    Adjusting Loan to Value (collateral ratio) requirements
    Adjusting the Balanced governance process
    Transferring Balanced worker tokens (BALW)
    Spending the fees held in the DAO fund
    Adding new pegged assets
    Delegation of the sICX held in Balanced

Governance Process

The governance process of Balanced will start off simple, but is subject to change by Balance Token holders:
    More than 66% of staked Balance Tokens must vote in favor of any change or DAO fund proposal
    All votes must meet a minimum quorum of 20% of staked Balance Tokens
    All votes will last for a minimum of 5 days
Last modified 5mo ago