Virtuals Protocol
Virtuals Protocol|Jul 01, 2025 13:14
Virtuals Protocol Governance Portal is Live Virtuals was never just a protocol. It was a vision of self-governing AI agents, and today, that future begins to take shape. Strategic direction, ecosystem support, and upgrades are no longer set by a core team. With onchain governance now live, veVIRTUAL holders shape the path forward. Control becomes collective. The future, permissionless. How governance works: Any wallet holding at least 0.10% of total veVIRTUAL can create a proposal. Once submitted, the proposal enters a 72-hour discussion window for open review and comments; voting is disabled during this phase. After the window closes, the protocol takes a snapshot of all veVIRTUAL balances, this block permanently locks each wallet’s voting power for that proposal. Voting then opens for 72 hours. Virgens cast “For” or “Against” directly onchain. When the vote ends, the result counts only if at least 25% of total veVIRTUAL has participated. If quorum is met, a simple majority (50% + 1) determines the outcome. The approved decision becomes eligible for execution via treasury governance. If quorum is not reached, the proposal expires and may be resubmitted. Why it matters: Capital and incentives are no longer managed by a single team, they’re governed by the network. Core parameters evolve through community consensus, not unilateral edits. And voting power isn’t bought or borrowed, it’s earned through long-term conviction. This isn’t just a governance tool. It’s a shift in how decisions are made, risk is shared, and value is stewarded. Wave-1 proposals are live: This post serves as the master thread for early discussion until the onchain comment window opens. We’ve published three deep dive threads below, covering the Wave-1 proposals: 1. Establishing an Ecosystem Growth Foundation 2. Sniper Defense & Yield Fund 3. Performance-Based Ecosystem Grant to Virgen Labs Your vote is your voice. Your conviction, the compass. Review, debate, and vote: http://gov.virtuals.io
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