GOVERNANCE
HAVAH On-chain Governance
In its governance model, HAVAH aspires to ultimate decentralization. To this end, it uses a democratic consensus system to make decisions about project updates and improvements. This section discusses the implementation of On-chain Governance, which is documented on the blockchain.
The governance system assigns appropriate incentives to promote the project's growth potential and activate ecosystem development. Furthermore, it seeks to encourage more contributors to assume both responsibility and rewards, thereby establishing a sustainable blockchain ecosystem through consistent participation.
HAVAH is currently in the second of three stages of decentralization, known as the "Technical Decentralization Phase centered on Trusted Partners." The goal is to eventually conduct the governance process entirely on-chain.
Participants in On-chain Governance
Participants in On-chain Governance must own and operate HAVAH Planet (HAVAH Planet).
Planet operation must meet specific hardware and software requirements.
Please refer to the documentation of How to operate a Planet.
Mini Planet holders are ineligible to participate in On-chain Governance.
Participants engaging in On-chain Governance through Planet ownership should prioritize public and long-term interests over personal gains. Furthermore, they must contribute to network stability through Planet operation by securing computing resources that exceed certain requirements. To vote, you must first verify your ownership of HAVAH Planet.
Individuals can verify their Planet Power (PP) after completing ownership verification. Each Planet holder has one Planet Power (a governance voting right) per Planet owned.
For example, a holder with 7 Planets receives 7 Planet Powers.
The Planet Power of HIIP (HAVAH Interchain Infra Partners) is open for public review on the Vote page.
On-chain Governance Agenda
Proposal
During the initial launch of On-chain Governance (v.1.0), the HAVAH Foundation will propose agendas that are mutually acceptable and safe for governance. Because anyone can essentially submit a governance proposal, the processes surrounding this will be updated in the future.
Proposal Cancellation
Agendas can only be canceled prior to the start of voting. Once voting commences, registered agendas cannot be canceled.
On-chain Governance Voting
HAVAH's On-chain Governance voting process must be transparent and fair. Recorded on the HAVAH network through transaction data, everyone can view the voting process. Participation includes:
Checking the HAVAH Scan Vote page for current agendas.
Connecting the HAVAH wallet and verifying Planet ownership.
Confirming current voting eligibility using My Planet Power (PP) values.
Determining the agenda and exercising voting rights through vote transactions.
The voting period is determined by the agenda proposer, and its end time can be confirmed using block height and the corresponding estimated time (UTC). Since voting submissions take place on-chain, only gas fees (HVH) for on-chain transactions are required. On-chain Governance Voting v.1.0 uses a direct voting method. In matters proposed by the foundation, Foundation-owned and Foundation-related PP may participate in voting by selecting agreement, objection, abstention based on the significance of the agenda.
On-chain Governance Voting Resolution
HAVAH's On-chain Governance voting allows users to select one of three options: agree(yes), disagree(no), or abstain. Multiple selections are not allowed.
To ensure transparent information disclosure, query the Vote smart contract on HAVAH Scan to view the voting status as well as the full transaction history of the voting results. The Vote page also includes summarized information for easy reading.
On-chain Governance Voting Quorum Conditions
The valid Planet Power is calculated from the starting point (block height) determined by the agenda proposer. During the voting period, acquiring new planets does not result in an increase in Planet Power. Furthermore, even if ownership changes due to transactions during this time, the planet's owner as of before the vote retains the right to possess and exercise Planet Power voting rights.
For each agenda, participants' attendance (quorum consensus) must exceed one-third of the total number of Planets. An agenda can be approved if more than half of the votes, excluding abstentions, are in favor(agreement).
On-chain Governance Voting Amendment and Cancellation
Participants cannot change or cancel voting results for a specific agenda once they have cast their vote, and revoting is not permitted even if they gain more Planet Power during the voting period.
On-chain Governance Voting Execution
The proposer is responsible for carrying out the approved agenda under the Foundation's supervision. The initial proposal must include subsequent procedures and detailed content regarding actions based on voting results.
Decentralization of On-chain Governance
HAVAH's on-chain governance evolves towards a higher level of decentralization as Planet holders actively participate in the HAVAH ecosystem. Thus, governance decisions are made on-chain (on the blockchain), ensuring that all changes are transparently recorded and automatically executed. The opening of the HAVAH Governance Voting system represents a step closer to high-level decentralization. To ensure long-term On-chain Governance decentralization, we will continue to design for quick decision-making and efficient execution while protecting the process from dominance by any single group.
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