Protocol
Governance
Quadratic-vote governance over upgrades, parameters, and treasury allocation. Launching Q3 2026.
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Governance launches in Q3 2026 with the deployment of PinecodeGovernor. Until then, the Pinecode Foundation acts as a benevolent dictator under a 12-month transition charter.
Principles
- Open. Any PINE holder can propose, vote, and challenge.
- Quadratic. Voting power = √(staked PINE) — small voices count.
- On-chain. Every vote, tally, and execution is verifiable.
- Bounded. A security council can veto for the first 18 months.
Scope
Governance has authority over:
- Upgrades to UUPS contracts
- Parameter changes (bond amounts, fee splits, halving cadence)
- Treasury allocation
- Whitelist/blacklist of embedding models
- Indexer reputation oracle configuration
Proposal process
- Discussion — Open thread on the forum (commonwealth.im/pinecode), minimum 5 days
- Off-chain signal — Snapshot vote, 3 days
- On-chain proposal — Submit via Governor, 100k PINE threshold
- On-chain vote — 5-day voting window, 4% quorum
- Timelock — 48-hour delay before execution
- Execute — Anyone can call
execute()after timelock
Security council
A 7-of-11 multisig with the power to veto any executed proposal for 18 months after governance activation. Veto requires 7 signatures and is itself recorded on-chain. The council automatically expires per the charter.
Docs v0.6.2