🏢Governance
Important Usage of PEPA Token
Overview
The governance module in the PEPA protocol consists of three components. These three component enables the community to propose, vote, and implement changes to our protocol.
Token - For voting, incentivizing users, applying discounted trading fees, and distributing dividends
Governance Contracts - Control delegation, voting, governor proposal, and proposal processing
Timelock - Keeping track of time
Timelock
Timelock contract keeps track of the progress of proposals and implements a “time-delayed, opt-out” pattern for doing so. With a minimum delay set to one week, each proposal-related action will be published for at least one week before further actions. A common timeline for accepted proposals is "Published -> Voting -> Approval" in a three-week duration.
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