Governance
Virtuals Protocol is governed by veVIRTUAL holders. Strategic direction, capital allocation, and protocol upgrades are no longer set by a core team alone. Instead, they evolve through onchain governance transparent, permissionless, and powered by conviction.
This system enables collective decision-making over how the protocol grows, what it funds, and which risks it accepts. veVIRTUAL is not just a staking mechanism, it is a source of voice, responsibility, and control.
How Governance Works
Proposal Creation
Any wallet holding ≥0.10% of total veVIRTUAL supply can submit a proposal. Once submitted, the proposal enters a 72-hour comment window. During this phase, voting is disabled and all feedback is recorded onchain.
Snapshot & Voting
After the comment window closes, a snapshot is taken of all veVIRTUAL balances. This snapshot locks each wallet’s voting power for that specific proposal. Voting then opens for 72 hours, where veVIRTUAL holders can vote “For” or “Against.”
Quorum & Execution
A proposal is valid only if it reaches 25% quorum of the total veVIRTUAL supply. If quorum is met, a simple majority (50% + 1) determines the outcome. Passed proposals become eligible for execution.
Principles
Permissionless Participation
Governance is open to all veVIRTUAL holders. No centralized approval is needed to submit, comment, or vote.
Conviction-Based Voting Power
Voting power is earned through long-term staking and cannot be rented or delegated. Influence reflects conviction, not capital alone.
Structured Deliberation
All proposals undergo a fixed discussion and voting cycle to ensure transparency, informed decisions, and community alignment.
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