PEAKDEFI
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PEAKDEFI
PEAKDEFI Introduction
For Investors
Overview
First Steps
Investing in the PeakDeFi Fund
Monitoring your Capital
Selling Fund Shares
Fees for Investors
Staking PEAK
Referral Rewards
FAQs for Investors
For Asset Managers
Overview
First Steps
Manager Dashboard
Open and Manage a Trade
Risk Threshold
Rewards and Punishments
Handling inactive Traders
FAQs for Managers
Governance
Overview
Process
Beginners Guide To Voting
Glossary
References
Contracts
PEAKDEFI Fund Contracts
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Glossary

Glossary

  • PEAK: An ERC-20 token that designates the weight of a user's voting rights. The more PEAK a user has in their wallet, the more weight their delegation or vote on a proposal holds.
  • Delegation: PEAK holders cannot vote or create proposals until they delegate their voting rights to an address. Delegation can be given to one address at a time, including the holder's own address. Note that delegation does not lock tokens; it simply adds votes to the chosen delegation address.
  • Proposal: A proposal is executable code that modifies the governance contract or treasury and how they work. In order to create a proposal, a user must have at least 0.5% (10M PEAK) of all PEAK delegated to their address. Proposals are stored in the "proposals" mapping of the Governor smart contract. All proposals are subject to a 7-day voting period. If the proposer does not maintain their vote weight balance throughout the voting period, the proposal may be canceled by anyone.
  • Quorum: In order for a vote to pass, it must achieve quorum of 2% of all PEAK (40M) voting in the affirmative. The purpose of the quorum is to ensure that the only measures that pass have adequate voter participation.
  • Voting: Users can vote for or against single proposals once they have voting rights delegated to their address. Votes can be cast while a proposal is in the "Active" state. Votes can be submitted immediately using "castVote" or submitted later with "castVoteBySig" (For more info on castVoteBySig and offline signatures, see EIP-712). If the majority of votes (and a 2% quorum of PEAK) vote for a proposal, the proposal may be queued in the Timelock.
  • Voting Period: Once a proposal has been put forward, PEAKDEFI community members will have a seven day period (the Voting Period) to cast their votes.
  • Timelock: All governance and other administrative actions are required to sit in the Timelock for a minimum of 2 days, after which they can be implemented.
Governance - Previous
Beginners Guide To Voting
Next - Governance
References
Last modified 12d ago
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