Governance/Voting FAQ
What are the Multisigs and who are the signers?
The Multisigs are the ultimate decision-makers in the Nevellus ecosystem. The Treasury Multisig wallet is composed of 1 prominent and trusted member of the DeFi/Ethereum ecosystem, and they must approve any use of the devfunds. A transaction requires at least 2 out of 4 signatures to pass and be executed. Signers of Treasury Multisig: @0xFernandojr
The Ops Multisig is primarily composed of core team members and is the hurdle that needs to be passed for any changes to our smart contracts. Any transaction to be executed requires at least 2 signatures out of 4. Signers of the Ops Multisig: @0xFernandojr
What's the role of the Operations Multisig?
Adding / removing pools; changing pool weights (rewards); changing the $NVLS block reward; approving transactions coming out the growth fund; overall changes to the smart contracts.
What's the role of the Treasury Multisig?
Approving transactions coming out of the devfund.
How many signers are needed?
2 for Ops, 2 for Treasury
Can anyone submit a governance proposal?
Yes! Any member of the Nevellus community is welcome to submit a proposal.
Forum website is under development.
How can a proposal be pushed to a vote?
If a proposal gathers enough community interest, enthusiasm and engagement, it is then reviewed by the core team. If approved, a formal vote can be submitted here
How do I vote?
You can vote here
Do I have to pay gas to vote?
Nope! It's completely free.
How is my NEVELLUSDEX calculated?
NVLS-ETH pair: 1 $NVLS in the pool = 2 NEVELLUSDEX
sNVLS (staked $NVLS): the number of staked $NVLS (it will change over time as your $NVLS balance grows) = your NEVELLUSDEX
How much NEVELLUSDEX is needed to reach quorum on a proposal?
5 million NEVELLUSDEX.