Governance Plan

Due to the nature of the DeFi space, rapid development and unforeseen changes may cause these plans to change.

Near-term

Approx. 3 months after mainnet launch

Improvement Proposals

gov.perp.fi will be the main place to propose and discuss the pros and cons of new ideas in the foreseeable future. External voting platforms such as snapshot.page may be used to get input from the community.

Have ideas or want to get involved? Head to gov.perp.fi or our Discord now! We'd love to hear from you.

Governance

Due to the nascency of the protocol and the importance of iterating fast in the early days, Perpetual Protocol team members will make most of the decisions until we have an on-chain governance portal ready for all the PERP holders to participate in. That being said, we’ll take the community’s feedback into consideration before making any decision, and we’ll share our rationale behind a decision in this forum as well. Community members are especially encouraged to participate in the project's Discord during this period.

Software Development

Currently, we do not have a technical documentation for external developers to reference and implement proposed ideas themselves. As such, in this stage and the next, the Perpetual Protocol team will be the main developers working on the Perpetual Protocol smart contract and deploying code to the Ethereum mainnet.

Mid-term

Approx. 6 months after mainnet launch

Here is a list of things we expect to have in place at this stage:

  • Comprehensive technical documentation that allows builders to tinker with our system and build something useful on top of the protocol themselves

  • Smooth running developer grant, bug bounty, and smart contract-based referral programs established

  • An on-chain governance portal for stakers to vote on proposals and create new proposals with their staked PERPs

  • Allow stakers to delegate their voting right to other people

The proposal that stakers vote on in this stage will be at a higher level as opposed to executable code. The major implementation and the deployment of the smart contracts will still be done by the Perpetual Protocol team.

Long-term

Approx. 9 months after mainnet launch

Here is a list of things either the community or we expect to have built at this point:

  • A compensation guideline to incentivize tech-savvy community members to turn high-level ideas on the forum into executable code

  • A reward program to encourage people to

    • deploy the smart contract after the proposal is passed,

    • run keeper bots to provide better a user experience for the traders, and

    • run a mirror governance portal themselves

The proposals that stakers vote on in this phase will be executable code only (similar to Compound’s current governance model ) and the actual implementation and deployment of the smart contracts can be done by anyone – even developers who do not hold any PERP tokens.