POTS Governance
Governed by the Community

POTS has no controlling team. Every major protocol decision — from emission rates to treasury deployment — is decided by IBS stakers through transparent, on-chain governance.

Key Takeaways
  • No team control — every major decision requires a community vote
  • Stake IBS → earn vIBS voting credentials → vote on Snapshot
  • Three domains: protocol parameters, treasury, ecosystem grants
  • 25-of-50 multi-sig + 24hr timelock protects against unilateral action
Stake IBS — Get vIBS Back to Ecosystem

Power reflects commitment, not capital.

Governance weight is earned through long-term staking — not by holding the most tokens. Early participants are rewarded, but the system is designed so no single actor can permanently dominate as the community grows.

Governance Credential

vIBS — Your Voting Power

Minted when you stake IBS. Non-transferable. Cannot be purchased — only earned through long-term commitment.

01

Stake IBS

Lock IBS tokens for a chosen duration — minimum 90 days. Longer lock earns proportionally more vIBS per token staked.

02

Receive vIBS

Non-transferable governance credential minted directly to your wallet. Represents your proportional voting weight in the DAO.

03

Vote on Proposals

Cast gasless, off-chain votes on Snapshot. Your weight is proportional to your vIBS balance at the snapshot block.

A 360-day stake earns 4× more vIBS per IBS than a 90-day stake. Early participants are progressively diluted as new stakers join — preventing permanent governance concentration by any group.

Governance Scope

What the DAO Controls

Three domains where IBS stakers hold direct decision-making power.

ProtocolParameters
  • Emission rates
  • Staking lock durations
  • Liquidity thresholds
  • Epoch duration
TreasuryAllocation
  • Safety Treasury deployment
  • PBM bid pool strategy
  • Multi-sig fund movements
  • Reserve management
EcosystemGrants
  • New prediction market funding
  • Community initiatives
  • Developer grants
  • Liquidity incentives
Process

From Idea to Protocol

Four stages before any community proposal becomes enforceable code.

01 ≥ 3 days

Forum Discussion

Any community member opens a proposal thread. Minimum 3-day discussion — community refines and debates before it advances.

02 Submission

Formal Proposal

Whitelisted multi-sig addresses submit to Snapshot. Whitelist prevents spam and ensures proposals have passed a basic accountability review.

03 3 days

Community Vote

vIBS holders vote on Snapshot — gasless, off-chain. 10% quorum required. Pass threshold: >50% Yes. Weight proportional to vIBS balance.

04 24 hrs

Timelock & Execute

Passed proposals wait 24 hours before execution. Security buffer for the community to respond to any unexpected outcomes.

Transparency

Constraints Enforced by Code

Governance is not a promise. Each parameter is verifiable on-chain.

25/50
Multi-sig signers required for any treasury movement
10%
Minimum vIBS quorum for a vote to be valid
24hr
Timelock delay before any passed proposal executes
On-chain
All executions verifiable on Polygon blockchain
FAQ

Governance Questions

What IBS stakers ask before participating in protocol governance.

Frequently Asked Questions

01 Who controls POTS?
Community, not team. All major decisions require Snapshot vote. Treasury movements require 25-of-50 multi-sig approval.
02 What is vIBS?
Non-transferable governance credential earned by staking IBS. Longer stake = more vIBS = more voting power. Cannot be bought — only earned.
03 What can governance vote on?
Protocol parameters (emission rates, staking rules), treasury allocation (how Safety Treasury is deployed), market grant budgets (new prediction markets, ecosystem development).
04 How do I participate?
Stake IBS → get vIBS → vote at Snapshot. To propose: open forum discussion (3-day minimum) → formal proposal → community vote → timelock → execution.
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