Chedda
  • 💡Introducing Chedda Finance
  • Protocol
    • 💰Isolated Lending Pools
    • Risk Parameters
    • ⛓️Cross Chain Tokens
    • 🔱Liquidity Incentives
    • 🏛️CHEDDA Lock Gauges
    • Governance
  • token
    • 🪙Tokens
    • Tokenomics
    • 🏆Chedda XP
  • Using The App
    • App
      • 🌉Bridging
      • 💳Connecting Your Wallet
      • 💵Supplying Assets
      • 🔐Staking and Locking
      • ✅Voting
      • 🏆Claiming Rewards
        • 🔁Borrowing
Powered by GitBook
On this page
  1. Protocol

Governance

Chedda is built as a community governed protocol, with the governance by the $CHEDDA governance token.

PreviousCHEDDA Lock GaugesNextTokens

Last updated 5 months ago

For major governance decisions, a community vote is required with a simple majority needed for proposals to pass. $CHEDDA tokens are not directly used in voting, rather when $CHEDDA tokens are locked in a locking gauge, and vCHEDDA token is minted. vCHEDDA token determines the voting power an account has.

Chedda's governance model is built upon the framework.

Initially, all ownable contracts in the protocol are owned by the governance council, also based on OpenZeppelin governance. Once Chedda Token is widely circulated and sufficient vCHEDDA minted to secure governance from manipulation, ownership will be transferred to community ownership.

OpenZeppelin Governance