Governance

Talos utilizes an upgradeable governance framework that leverages social media for transparent, public decision-making. This system ensures that token stakers actively support their chosen delegates—referred to as governance stewards—who manage proposals and facilitate voting.

Key Components

1. Token Staking and Delegation

• Staking Requirement: Users stake tokens to gain voting power and commit to the governance process. This mechanism ensures that participants have a vested interest in the protocol's success.

• Delegates’ Role: Delegates register their social media handles (initially on X/Twitter) to be publicly accountable, representing community sentiment and overseeing governance proposals.

• Delegation Incentives: Active delegation is rewarded with enhanced voting power or additional token benefits, whereas non-delegators receive reduced rewards. This incentivizes responsible participation and active engagement.

• Equal Influence: Every delegate wields equal influence, irrespective of the stake size, ensuring that governance remains balanced and community-focused.

2. Social Media Integration for Voting

• Voting via Social Media: Voting is conducted through social media polls on X/Twitter, with only registered delegates eligible to vote. This approach ties governance decisions to verifiable, public identities.

• Regular Steward Renewal: A monthly voting process is implemented to ensure that delegates remain active and accountable. This regular renewal maintains the integrity and responsiveness of the governance system.

• Proposal Submission: Anyone can submit proposals for consideration by the delgates

3. Participation and Accountability Mechanisms

• Mandatory Voting: Delegates are required to participate in every governance vote. Non-participation incurs penalties, enforcing a consistent level of engagement.

• Delegate Reassignment: Inactive delegates can be replaced, ensuring that the pool of governance stewards remains dynamic and responsive to the community’s needs.

Process Flow

Onboarding and Staking

• Token Staking: Users stake tokens to gain governance rights and select a delegate. The system of benefits and penalties encourages responsible delegation and active participation.

Proposal Lifecycle

• Submission: Proposals are submitted with a nominal token deposit, ensuring that only serious ideas are considered.

• Community Screening: Submitted proposals are screened by the community before being posted as social media polls.

• Voting: Registered delegates participate in the voting process via X/Twitter polls, ensuring that decisions are made transparently and publicly.

Post-Vote Enforcement

• Results Aggregation: Voting outcomes are aggregated and published, offering clear insights into the community’s preferences.

• Reward Distribution: Rewards are distributed to active participants, and penalties are imposed on non-participants to maintain high levels of accountability.

• Ongoing Steward Votes: Monthly steward votes help maintain an active and accountable delegate pool, ensuring that governance remains effective and adaptive.

Conclusion

Talos's upgradeable governance framework integrates token staking, social media-based voting, and robust accountability mechanisms to ensure transparent, responsible, and community-driven decision-making. This system aligns the interests of all participants, fostering a resilient and dynamic governance structure.