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Governance

Valley of Heroes uses a decentralized governance system where nsHONOR holders (players who have staked HONOR) have voting power to make decisions about the Community Treasury and project direction.

🗳️ How Governance Works​

Voting Power​

Your voting power is determined by:

  • Amount of nsHONOR: More nsHONOR = more voting power
  • Lock Duration: Longer lock periods grant higher voting power multipliers
  • Proportional Weight: Your vote weight = (Your nsHONOR × Duration Multiplier) / Total Weighted nsHONOR

Governance Process​

  1. Proposal Creation: Any nsHONOR holder can create a governance proposal
  2. Discussion Period: Community discusses the proposal
  3. Voting Period: nsHONOR holders vote on the proposal
  4. Execution: If approved, the proposal is executed automatically

💼 What Can Be Governed​

Treasury Spending​

All treasury spending proposals must be voted on by nsHONOR holders. Common proposals include:

1. Liquidity Provision​

  • Adding HONOR/MON liquidity pools
  • Adjusting liquidity allocation percentages
  • Managing LP token positions

2. HONOR Buyback Program​

  • Executing market buybacks
  • Setting buyback schedules
  • Redistributing bought HONOR (rewards, burns, etc.)

3. Reward Distribution​

  • Adjusting reward rates for stakers
  • Changing reward distribution mechanisms
  • Allocating rewards to specific initiatives

4. Token Burns​

  • Proposing HONOR burns to reduce supply
  • Emergency burn mechanisms
  • Burn schedules and amounts

5. Other Community Initiatives​

  • Funding community events
  • Supporting partnerships
  • Development grants
  • Marketing initiatives

Protocol Parameters​

Governance can also vote on protocol-level changes:

  • Treasury allocation percentages
  • Staking reward rates
  • Lock duration multipliers
  • Fee structures

🎯 Governance Principles​

Decentralization​

  • No Central Control: No single entity can control treasury decisions
  • Community-Driven: All major decisions require community approval
  • Transparent: All proposals and votes are on-chain and verifiable

Long-Term Alignment​

  • Longer Locks = More Power: Rewards long-term committed players
  • Skin in the Game: Only stakers can vote (must have locked HONOR)
  • Sustainable Decisions: Voting power structure encourages thoughtful proposals

Fairness​

  • One nsHONOR = One Vote (weighted by duration)
  • No Whale Domination: Proportional voting prevents single large holder control
  • Equal Opportunity: Any nsHONOR holder can create proposals

📋 Proposal Types​

Treasury Spending Proposals​

Format:

  • Title: Clear description of the proposal
  • Amount: HONOR amount to be spent
  • Recipient: Address receiving funds
  • Purpose: Detailed explanation of how funds will be used
  • Justification: Why this spending benefits the community

Example:

Title: Add 100,000 HONOR to HONOR/MON Liquidity Pool
Amount: 100,000 HONOR
Recipient: LP Pool Address
Purpose: Increase liquidity depth for HONOR trading
Justification: Higher liquidity reduces slippage and improves trading experience

Parameter Change Proposals​

Format:

  • Parameter: Which parameter to change
  • Current Value: Current setting
  • Proposed Value: New setting
  • Impact Analysis: How this change affects the system

⚖️ Voting Mechanism​

Voting Options​

  • For: Support the proposal
  • Against: Oppose the proposal
  • Abstain: No opinion (doesn't count toward quorum)

Quorum Requirements​

  • Minimum participation threshold must be met
  • Prevents low-engagement proposals from passing
  • Ensures decisions have community support

Voting Period​

  • Typically 3-7 days for discussion and voting
  • Allows all time zones to participate
  • Prevents last-minute manipulation

Execution​

  • Automatic Execution: Approved proposals execute automatically
  • Timelock: Some proposals may have a timelock for security
  • On-Chain: All execution is verifiable on-chain

🔒 Security & Safeguards​

Proposal Requirements​

  • Minimum nsHONOR: Proposers must hold minimum nsHONOR to create proposals
  • Deposit: Small deposit required (returned if proposal passes)
  • Spam Prevention: Prevents low-quality proposals

Execution Safeguards​

  • Timelock: Critical proposals have delay before execution
  • Multi-Sig: Large treasury operations may require multi-signature
  • Emergency Pause: Protocol can be paused if security issues detected

Transparency​

  • On-Chain Voting: All votes are recorded on-chain
  • Public Proposals: All proposals are publicly visible
  • Verifiable Results: Vote counts and results are transparent

💡 Best Practices​

For Voters​

  • Research Proposals: Understand what you're voting on
  • Consider Long-Term Impact: Think about sustainability
  • Participate Actively: Your vote matters
  • Engage in Discussion: Share your perspective

For Proposers​

  • Clear Communication: Write clear, detailed proposals
  • Community Feedback: Gather feedback before submitting
  • Justify Spending: Explain why the spending benefits everyone
  • Follow Format: Use standard proposal templates

🎯 Governance Philosophy​

The governance system is designed to:

  1. Empower Long-Term Holders: Those committed to the project have more influence
  2. Prevent Centralization: No single party can control decisions
  3. Encourage Participation: Active governance strengthens the community
  4. Ensure Sustainability: Long-term thinking is rewarded
  5. Maintain Transparency: All decisions are on-chain and verifiable

🔮 Future Governance Features​

  • Governance Dashboard: UI for creating and voting on proposals
  • Delegation: Delegate voting power to trusted community members
  • Proposal Templates: Standardized formats for common proposals
  • Governance Analytics: Track voting patterns and participation
  • Multi-Chain Governance: Cross-chain governance for future expansions
Learn More