ZZZ Finance Gasless Governance & Updated Roadmap

Today, we’re excited to announce the official launch of Gasless Governance on the ZZZ Protocol. Members who hold $ZZZ may now submit proposals to be voted on the community. You can submit and vote on proposals at zzz.finance.

Overview

• Submitting and Voting on proposals will be available directly through the zzz.finance website
• Three phase proposal approval process (outlined below)
• The voting ratio will be 1:2000 ZZZ:NAP
• Proposals and Voting is performed by holding ZZZ and/or NAP in your wallet. Spending is not required.
• Introductory promotional period where NAP requirements will be waived

Phase 1: Submitting Proposals

Submitting new proposals will require you to hold 20 ZZZ in your wallet. You can submit a new proposal to be reviewed by the team and subsequently voted on by the community by clicking the [New Proposal] button at the top-right of the UI.

Phase 2: Voting

Holding 1 NAP = 1 Vote
Holding 1 ZZZ = 2,000 Votes

There are a total of 60,000,000 total available voting points on Governance [20,000 ZZZ = 40,000,000 Votes. 20,000,000 NAP = 20,000,000 Votes]

Phase 3: Team Review

After the proposal is submitted, the team reviews it for feasibility and to protect against bad actors. After ensuring the proposal is safe and viable, the team progresses the proposal to the third phase, voting.

You can view all Current and Pending proposals from the ZZZ Finance website. Vote on proposals that you would like to see implemented, and vote against proposals that you don’t agree with.

New to DeFi? About Governance

Governance tokens play a key role in defining the economic model of the platform. The crypto-economic model defines ‘the rules’ of the system — what is the unit of work, how do users pay, how actors get compensated, the token supply model, etc., while the governance token defines who has the power to change those rules.¹

Learn more about the role of Governance on Crypto Purview.
¹[source, Crypto Purview]

What’s Coming Up Next

October

• Retired Pools Ejection (October 31st, 0:00 UTC)

November

• First Round of Compensation Payouts (First Week of November)
• ZZZ Vault
• ZZZ LP Vault
• Redesign of Global Multipliers
• Dream V2
• Dream Eater Vault (Let’s Burn. Burning boosts your APY)
• ZZZ Upgrade (Adds 1% fee to all buys, sells, swaps, stakes, and unstakes to feed the vault rewards of ZZZ)

December

• NAP LP Vault
• NFT (Possible fork of Meme with additional functionality)
• Collateral Vaults
• Implementation planning for governance proposals, with launches in Q1 2021

Q1 2021

• Ecosystem Audit Update (Second Audit)
• Development of governance proposals

Learn more about ZZZ Finance at zzz.finance.