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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, iBriz-ICONOsphere, PARROT9, Mousebelt, ICON DAO, Trustseer, and Geometry Labs.

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 2mo ago