Parallax Governance Portal: FAQ & New Features

3 min readDec 14, 2023

Welcome to the Parallax Governance Portal FAQ, where we’ll walk you through the new features designed to enhance your experience and participation in the Parallax community.

Our governance framework is all about empowering PLX token holders to actively engage in decision-making processes, ensuring their voices are heard in shaping the future of the protocol.

What is Parallax Governance?

Parallax Governance is the mechanism through which PLX token holders actively participate in decision-making. By staking their PLX tokens in staking vaults, holders gain voting power, enabling them to create and vote on proposals.

What’s new in the Parallax Governance Portal?

Voting Power Display

Your voting power will now be displayed on the left side of the portal. This section provides a clear breakdown of your staked PLX and the computation of your voting power.

Create New Proposal

This new feature allows any community member to create and submit a proposal. However, to maintain the integrity of the process, the author must have a minimum voting power of 2,000 points. Additionally, proposals require a quorum of 10,000 points to validate and approve the voting results.

Proposal Tabs

We’ve added new tabs to the portal for easy navigation. Users can now view active, closed, and upcoming proposals. This organized structure enhances transparency and allows you to stay informed about the ongoing governance discussions.

How do I stake PLX tokens and gain voting points?

To participate in the governance process, stake your PLX tokens in the staking vaults. The amount of voting points varies among different PLX vaults, ensuring proportional representation in the decision-making process. At the current stage, for every $1 worth of PLX tokens that holders stake, they will receive the following voting points:

1 point in the 6 Months Vault
2 points in the LP Farm
3 points in the 12 Months Vested Vault

How often are new proposals created, and what topics do they cover?

Proposals can be created by the community at any time. The topics are diverse and can range from protocol upgrades to community initiatives. The variety ensures that the community has a say in shaping the different aspects of the Parallax ecosystem.

Proposal Moderation Workflow & Implementation

Upon receiving a proposal, the Parallax team will perform an initial review. We perform checks on:

Completeness and clarity, will provide feedback for revision if necessary
Security assessment to ensure it doesn’t contain malicious content and links

Once the proposal passes the initial review, it will be subsequently opened for voting and shared on the Discord, where community members can provide their input, engage in discussions, and suggest changes.

If a proposal is approved, the Parallax team and community work together to implement the suggested changes or initiatives. Regular updates on the progress of the approved proposal will be shared with the community to maintain transparency.

Stay tuned for more updates as we continue to evolve the Parallax Governance Portal, putting the power back in the hands of our community. Your participation is crucial to the success and sustainability of the Parallax protocol.

About Parallax

Revolutionize your liquidity with AI. Maximize your APYs with #HAL9000

Please join our community via the official Link3: