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Samurai Protocol
  • DISCLAIMER
  • Samurai Financial
  • 1. What is Samurai and how does it work ?
    • 1.1 - What is Samurai?
    • 1.2 - What is the total supply of HNR tokens ?
    • 1.3 - Now, how does it actually work ?
    • 1.4 - How does Samurai differ from RING?
    • 1.5 - Why is SAMURAI on the Fantom (FTM) ?
    • 1.6 - Is Metamask the only wallet compatible for now ? What about TrustWallet ?
    • 1.7 - Do I need to install a VPS?
    • 1.8 - Do I need to keep my computer running ?
    • 1.9 - Where can I see the size of the liquidity pool ?
    • 1.10 - Smart Contract Functionality
  • 2. Understanding the NODES
    • 2.1 How does the Lottery system work?
    • 2.2 How does sliding tax work?
    • 2.3 - How much does a node cost ?
    • 2.4 - Can nodes be transferred from one wallet to another ?
    • 2.5 - Are these real nodes ?
    • 2.6 - Why do you call these "nodes" ?
    • 2.7 - I don’t see my rewards every 4 or 8 hours. Is there a problem ?
    • 2.8 - What happens if I don't claim my rewards every time ?
  • Tokenomics
  • Governance
  • Samurai AI
  • Vaults
  • MultiChain ZenGarden
  • Levels
  • Sambot
  • ZenEstate
  • Governance Proposals
    • Samurai Governance
    • Initiate and adopt protocol level governance
    • SIP-1: Adopt and enforce an incentivised LP staking mechanism - Zen Garden
  • [EXTENSION] SIP-1: Adopt and enforce an incentivised LP staking mechanism - Zen Garden
  • SIP-2: Implement a Samurai native OTC NFT solution
  • [EXTENSION] SIP-2: Implement a Samurai native OTC NFT solution
  • SIP-3: Implement, adopt and enforce Samurai Vaults
  • SIP-4: Implement, adopt and enforce Samurai Multichain ZenGarden
  • SIP-5: Implement, adopt and enforce Samurai Levels
  • SIP-6: Replenish Samurai Levels rewards
  • SIP-7: Conduct an OTC NFT acquisition event
  • SIP-8: Retroactive funding
  • SIP-9: Expand MultiChain ZenGarden
  • SIP-10: Conduct an OTC NFT distribution event
  • SIP-11: Temporarily pause Samurai Levels
  • SIP-12: Replenish Samurai Node NFT's rewards
  • SIP-13: Levels v2 Product feature set Ideation
  • SIP-14: Deploy and fund Samurai Governance Vault
  • SIP-15: Implement, adopt and enforce Samurai Levels v2
  • SIP-16: Conduct ‘Settlement & Release’ initiative
  • SIP-17: Expand ‘Settlement & Release’ initiative
  • SIP-18: Implement, adopt and enforce an update to Samurai Node NFT RPC Endpoints
  • SIP-19: Implement, adopt and enforce Samurai Chat
  • SIP-20: Refine Samurai Levels Parameters and Conditions
  • SIP-21: Retroactive funding 2.0
  • SIP-22: Conduct an OTC NFT acquisition event
  • SIP-23: Conduct an OTC NFT distribution event
  • SIP-24: Enact a Samurai Governance Vault Conversion
  • SIP-25: Refine Samurai Chat Parameters
  • SIP-26: Replenish Samurai Levels v2 rewards
  • Articles / Announcements
    • Samurai is here!
    • Honour
    • News, updates, migration and plans for Honour
    • Clearing the air and moving onwards
    • The path towards sustainability
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On this page
  • Saisho
  • Ni-Banme
  • San-Ban
  • Dai-Yon
  • Banme
  • Governance Power
  1. Governance Proposals

Samurai Governance

PreviousZenEstateNextInitiate and adopt protocol level governance

Last updated 2 years ago

Samurai Governance introduces a formalized path to the decentralization and autonomy of the Samurai Protocol. Covering governance mechanisms and incentives, it aims to share a vision of alignment between various participants within the Samurai ecosystem, protocol functionality and the xHNR token & nodes as a core element of the Samurai Protocol.

The underlying purpose and enhanced utility of the xHNR tokens is to share economics of, align incentives around, govern parameter changes and on-chain upgrades to the relevant smart contract systems. The xHNR governance token can thus effectively aid in determining the new software and amendments that the Samurai Protocol adopts and serve as a form of active stewardship of the Samurai protocol.

The Shogunate Rules

The ones by which all the Samurais must abide by:

The First Commandment

Saisho

Governance mechanisms in decentralized protocols stem from the interplay of community participation, incentives, self-regulation and policy management, all adjusted to live through and alongside the market.

The Second Commandment

Ni-Banme

Samurai Governance consists of the proposition and decision-making process for the different risk parameter changes, improvements and incentives that constitute the policies, and upgrades to governance itself. All future decisions governing the protocol will be enacted through this procedure.

The Third Commandment

San-Ban

The xHNR token empowers holders to collectively act as governors of the protocol by enabling them with the capability to vote and propose. xHNR governance tokens shall not be deemed as a pro rata claim on any of the protocol's PCV - protocol controlled value (i.e., governance tokens do not function as a stock in a trust or foundation).

The Fourth Commandment

Dai-Yon

Samurai Governance is an exciting new evolution of on-chain governance, allowing unique features, rapid protocol upgrades via short time lock executors, and governance upgrades via long time lock executors. This ensures the protocol can rapidly adjust to changing market conditions, as well as upgrade core parts of the protocol as time goes on.

The Fifth Commandment

Banme

Governance proposals experiencing a notably high engagement and participation, surpassing the quorum requirements by at least 100% and strongly favoring a particular voting option by over 70%, become inviolable and irrevocable, impervious to any future governance proposals, votes and attempts at overturning, voiding, nullifying, or removing them.

Governance Power

xHNR token holders receive governance powers proportionally to the sum of their balance. There are initially two powers associated with each governance token

Voting

The voting power which is used to vote for or against existing proposals. Proposal

The proposal power that gives access to creating and sustaining a proposal.

Frequently Asked Questions

What do I need to vote?

In order to vote you need to have xHNR tokens. The amount of tokens will be summed up in your voting.

How do I change my vote?

You can easily change your vote by following the steps above and casting your desired vote. Your previous vote will automatically be cancelled.

Can I move my xHNR while the vote is in progress?

You can move your tokens as long as the amount you have in the wallet used to vote remains equal or higher than the tokens used to vote. Reducing your token amount to lower than the amount of tokens used for voting would cancel your vote.

Can I add more tokens to my vote?

Yes, voting again will reflect your new amount of tokens.

What are the current governance parameters?

Proposal validation requires 100 000 xHNR tokens. Voting delay is set to 1 hour. Quorum is set to 500 000 xHNR tokens. Voting period is 48 hours and leverages single choice voting mechanism. These parameters are subject to change.

https://governance.samurai.financial