🏫Protocol Governance

Protocol Governance

The Saturn Swap protocol is designed to be upgradable with new features being added over time. As a decentralized protocol, Saturn Swap will be controlled via votes that determine which features will be worked on by developers.

Voting for features will occur after the implementation of Cardano's full on chain governance with the Chang hardfork. After the Chang Hardfork (including additional Chang extensions) and the various off chain Libraries are updated to support full on chain voting, voting for new protocol updates can begin.

For voting, the Saturn Swap Foundation will use a Cardano Native Asset, which will be snapshot a few days before a voting round is set to begin.

Frequent users of protocol will have significant say in the direction of the protocol. Below is breakdown of the governance asset distribution.

100 million assets will exist which will be created through a time locked smart contract.

55% -> Community Incentives

• 3% of all remaining community assets will be provided to the community users of the protocol each voting round.

10% -> Development of the Protocol

• Provided to the various teams that further advance the protocol.

25% -> Initial Liquidity

• Initial Token liquidity for the voting asset will be provided on Saturn Swap to encourage protocol usage

10% -> Project Partnerships

• Provided to projects that partner with Saturn Swap to grow the protocol and hence their own project as well.

• Partnerships will enable the business development of the protocol.

It is important to note that this native asset is explicitly for decentralized voting on Saturn Swap features and protocol development only and will not have any other use case.