Governance

OmniXRC DAO

Governance is crucial to the decentralization and autonomy of the OmniXRC protocol. Governance determines all OmniXRC and incentives matters, including protocol development, integrations, tokenomics, and the distribution of emissions to participants.

Voting Power

Time Weighted Voting

Time-weighted voting is used to provide long-term OXRC token holders greater governance weight and control of the OmniXRC protocol.

veOXRC is the unit of OmniXRC governance voting power. It is received by staking locked OXRC tokens and is non-transferable. The veOXRC balance decays linearly as the remaining time until the staked or locked OXRC unlock decreases.

From time to time, a vote may require a change to the OmniXRC protocol or its treasury that requires action via multisig. A multisig of trusted group of community that is responsible for signing on behalf of OXRC holders and must strictly adhere to any directives given via the governance process.

OmniXRC Foundation

The OmniXRC Foundation is dedicated to supporting the growth, development, and sustainability of the OmniXRC protocol. Their efforts will include:

• Community-led initiatives, including grants to contributors

• Partnerships with other DeFi & crypto organizations

• Marketing & communication initiatives

• Day to day operations and maintenance of the OmniXRC protocol