Vesper Documentation
  • Introduction
  • Vesper Features
  • Vesper Participants
  • Vesper Pools and Strategies
    • Vesper's Modular Pool Architecture
    • Multi-Chain and Cross-Chain Deployments
    • Overview of Vesper Pools
      • Vesper Grow Pools
    • Overview of Vesper Strategies
      • Maker-to-Platform Strategy
      • Direct-to-Lending-Platform
    • Discussion of Risk
  • VSP Economics
    • VSP Token: Supply, Issuance, & Rewards
    • Governance
      • Introduction
      • Locking
      • Unlocking
    • Revenue Model
  • Community Participation
    • Decentralization Plan
    • The Voting Process
    • Governance Principles
  • Vesper Developers
    • Vesper Developer's Guide
      • Introduction
      • Vesper Framework Levels
      • Overview of Flow Control
    • Vesper Pool Metadata
    • Pool and Strategy Creation and Deployment
    • Vesper Contracts API Reference
      • Pool Contracts
        • PoolAccountant
        • PoolAccountantStorage
        • PoolRewards
        • PoolRewardsStorage
        • PoolStorage
        • VETH
        • VPOOL
        • VesperEarnDrip
      • Strategy Contracts
        • Earn
        • Strategy
        • VesperStrategy
        • EarnVesperStrategy
        • EarnVesperStrategyVSPDrip
    • JavaScript Library
    • Contracts Data
    • Vesper Improvement Proposal Template
  • Marketing
    • Brand Guidelines & Assets
  • Reports
    • Quarterly Reports
    • Smart Contract Audits
  • FAQ
  • Glossary of Terms
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  1. Community Participation

Governance Principles

The founding team will always provide the community answers to these basic questions for every material decision the team makes:

  • What decision has been made?

  • Why was that decision made?

  • Who is impacted by the decision?

  • When is the decision going into effect?

  • How can the community provide feedback and voice their opinion?

Founding Principles

As with other projects in the DeFi space, Vesper's governance will emerge from community collaboration and participation. We begin the project with a few simple governance principles:

  • Any and all material changes to Vesper products and VSP should be proposed in public, with code, with appropriate time for community feedback.

  • We believe that a responsible yield farming network can remain in the founding team's hands for the initial phase only, until power can be transferred to the community. Our roadmap for progressive decentralization outlines our strategy for transitioning to fully autonomous and decentralized decision-making.

  • We believe a successful governance system should minimize the time and cost necessary for a person or entity to participate in governance. We will explore gas-efficient methods of voting like Layer 2 scaling solutions to reduce costs associated with voting.

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Last updated 4 months ago

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