How governance works
- Proposal submission: Anyone can submit a governance proposal with an initial deposit.
- Deposit period: Community members can contribute to the proposal deposit.
- Voting period: When the proposal reaches the minimum deposit, voting begins.
- Execution: Approved proposals are executed automatically.
Governance logic
- Quorum requirement: For a proposal to be valid, a minimum percentage of bonded tokens must participate in the vote.
- Approval threshold: To pass, a proposal must receive more than 50% approval (excluding abstain votes), or 66.7% for expedited proposals.
- Veto protection: If more than 33.4% of votes are “NoWithVeto”, the proposal is vetoed, regardless of other vote counts.
Network parameters
Sei Mainnet
These are the live network parameters for Sei Mainnet.Sei Testnet
Sei Testnet uses these changed parameters for testing.Vote types
Voting options
- Yes: Support the proposal as written. This vote counts toward the approval threshold.
- No: Oppose the proposal. This vote counts against the approval threshold.
- Abstain: Take a neutral position. This vote counts toward quorum, but not toward the approval threshold.
- NoWithVeto: Strongly oppose the proposal. If these votes exceed the veto threshold, they can veto the proposal.
Weighted voting
With weighted voting, validators and delegators can split their voting power across multiple options.- You can distribute voting power across different options based on the strength of your preference.
- You can use percentage allocations to express a nuanced position on a complex proposal.
Proposal outcomes
Best practices
Community engagement
- Read each proposal and understand its implications before you vote.
- Participate in community forums and discussions to better understand different perspectives.
- Consider the long-term implications of each proposal for the network and ecosystem.
- Follow governance updates, and participate actively in the democratic process.