EtherLite Documentation
  • Welcome to EtherLite
  • About EtherLite
    • Features
    • Advantages
    • Prospective Use Of EtherLite
      • Payment Systems - Fast Finality
      • DeFi Projects
      • Community Inclusion Currencies
      • Derivative Markets
      • Blockchain Gaming Industry
      • NFT Mint and Transfer
      • Secure Voting Systems
      • Governance Mechanism Base for DeFi Projects
    • News & Information
    • Roadmap
  • For Users
    • Wallets
      • Metamask
      • Portis Wallet
    • EtherLite Coin
      • EtherLite Testnet Faucet
    • Explorers
      • BlockScout
    • Governance
    • Claim Reward
  • For Validators
    • About EtherLite Validators
    • Launch a Validator Node
    • Become a Validator
    • How to create EC2
    • How to create RPC
  • For Developers
    • Wallets
    • RPC
    • Remix IDE
  • For Delegators
    • Become a Delegator
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  1. For Users

Governance

‘Governance Tokens’ enable users to vote on the future of decentralized protocols, sure, but they also present fresh ways to entice assets onto protocol. ETL is used to run on-chain governance mechanisms for EtherLite. It will enable users to vote on the future of EtherLite. Governance truly makes EtherLite a decentralized protocol.

Governance parameters like minimum number of ETL to be held to submit a proposal or percentage of total supply to vote 'Yes' to reach quorum threshold or Number of days time lock delay on execution etc. will be announced soon!

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Last updated 4 years ago

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