Governance — The Methexis DAO

Methexis is governed by its community through the Methexis DAO, using the $MTHX token for proposals, voting, and execution. Governance ensures the protocol evolves transparently, securely, and in alig

Core Principles

  • On-chain accountability — All proposals, votes, and results are recorded immutably on Ethereum.

  • Token-weighted voting — $MTHX holders vote with staked or delegated tokens.

  • Checks & balances — Proposals pass through defined thresholds and timelocks to ensure due review.

  • Progressive decentralization — Initial parameters may be stewarded by core contributors, but control transitions fully to token holders.

Governance Flow

  1. Proposal Creation (propose)

    • Any address meeting the proposal threshold (e.g., 50k $MTHX staked or delegated) can submit a proposal.

    • Proposal includes calldata, a description, and optional references (GitBook/GitHub).

  2. Voting (vote)

    • Voting period: 7 days (configurable).

    • Quorum requirement: e.g., 4% of circulating supply.

    • Votes can be For / Against / Abstain.

    • Delegation is supported: holders can delegate voting power without transferring tokens.

  3. Queueing (queue)

    • Successful proposals are queued in a governance timelock (e.g., 48–72h) before execution.

    • This buffer allows community review and prevents rushed changes.

  4. Execution (execute)

    • After the timelock, proposals can be executed on-chain.

    • Execution updates protocol parameters or calls smart contracts directly.

Examples of Governed Parameters

  • Staking

    • Minimum validator stake

    • Slashing percentages & jail periods

  • Rewards & Emissions

    • Allocation split between compute, data providers, and validators

    • Emission half-life, starting emission values

  • Treasury

    • Grant programs, audits, liquidity provision

    • DAO contributor funding

  • Protocol Upgrades

    • Contract migrations (via proxies or new deployments)

    • Governance rules (e.g., changing quorum)

Governance Safeguards

  • Emergency pause (guardian role)

    • A temporary measure (only at launch) to pause execution if a critical exploit is detected.

    • Transfers to DAO multisig control after 12–18 months.

  • Slashing accountability

    • Governance ensures slashing disputes are transparent and verifiable.

  • Transparency reports

    • Treasury, grants, and emissions reported quarterly.

Governance Token Utility

  • Proposal threshold: Token holders must hold or delegate above a threshold to propose.

  • Vote weight: 1 $MTHX = 1 vote.

  • Delegation: Users can assign votes to trusted delegates.

  • Incentives: Optionally, DAO can vote to reward active voters or delegates from treasury.

Example Lifecycle

  1. A contributor proposes “Increase validator reward share from 58% → 62%”.

  2. Proposal goes live → token holders vote.

  3. Quorum is reached, majority is “For”.

  4. Proposal is queued for 72 hours in timelock.

  5. Proposal is executed → reward contract parameter updated on-chain.

Future Directions

  • Quadratic voting or conviction voting to reduce whale dominance.

  • Sub-DAOs for treasury, grants, and slashing appeals.

  • Cross-chain governance as Methexis expands beyond Ethereum.

👉 Next Section: Running a Validator, hardware, setup, rewards, and slashing

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