Voting Process

Stake Requirement and Jury Selection

Participants must stake $USDC to join the voting process.
Each dispute has an associated "value" representing its economic significance.
The minimum required stake and the size of the randomly selected jury will increase in proportion with the dispute's value.
Random jury selection minimizes centralization and reduces the risk of manipulation by large stakeholders.

Once we launch our native token through a TGE, we will introduce a modified version of the voting process.
Participants will stake our native token to join the voting process.
This change will further align incentives within the ecosystem, as participants will have a direct stake in the network's success and integrity.

Jury members cast their votes independently.
Jury members gain on-chain credits if they vote correctly(align with the final outcome), and lose credits when they don’t.
Votes remain encrypted during the 24-48 hour voting period to maintain confidentiality.
A poll result is valid if:
- At least 60% of the jury participates.
- There is more than 60% agreement on the outcome.
If these conditions aren't met, the vote is rolled over, and a new jury is formed.
- New jury is formed by selecting stakers with higher on-chain credits.
- This can happen up to two times before the dispute is marked as invalid.
Those thresholds mentioned above can be changed via OnChain configuration contract that can be changed over time to increase the CoC(Cost of Corruption)

After a vote, there's a public notice period.
The Governance Committee can pause the vote result if manipulation is suspected.
If paused, third-party arbitrator will provide evidence, and a new vote assesses the validity of this evidence.
The final outcome is then recorded on-chain and reported to smart contracts.

Last updated 9 months ago