Governance Model

Governance Model

Emmet Finance operates under a governance model driven entirely by EMMET token holders through voting escrow.

DAO

Governance forms the bedrock of Emmet protocol's decentralization and autonomy. It dictates all aspects of the Emmet network and incentives, encompassing protocol development, integrations, tokenomics, and emissions distribution to liquidity providers.

Voting Power

Time-weighted Voting

Time-weighted voting grants greater governance weight and control to long-term EMMET token holders within the Emmet protocol.

veEMMET, denoting Emmet governance voting power, is acquired by staking locked EMMET tokens and is non-transferable. The veEMMET balance gradually diminishes as the remaining time until the staked or locked EMMET tokens unlock decreases.

Team & Investor Weighting

Team & Investor EMMET tokens receive veEMMET equivalent to the weighted-average duration of their token lockup, aligning with the voting escrow model.

Team & Investor EMMET tokens are subject to a 24-months lockup period.

Multisig

Occasionally, votes may necessitate changes to the Emmet protocol or its treasury, requiring action through a multisig. This multisig comprises a trusted group within the community responsible for signing on behalf of EMMET holders, strictly adhering to directives established through the governance process.

Emmet Governance

Emmet Governance is committed to fostering the growth, development, and sustainability of Emmet Finance.

Their endeavors encompass:

• Facilitating community-led initiatives, including grants to contributors

• Cultivating partnerships with other DeFi and crypto organizations

• Driving marketing and communication initiatives

• Overseeing day-to-day operations and maintenance of Emmet Finance