[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Amp™ [@Anodyneee](/creator/twitter/Anodyneee) on x 1208 followers Created: 2025-07-25 07:51:44 UTC Having discussed a lot of topics about @elympics_ai , let's look into $ELP Governance The Elympics ecosystem is governed by its community through the $ELP token, empowering stakeholders to actively shape the future of the protocol. Token holders and their delegates influence decisions across key areas, including: ● Guiding the product roadmap ● Allocating ecosystem grants AND WHAT ARE THE GOVERNANCE PROCESSES? 1) Community Discussion Before a proposal is formally submitted, community members are encouraged to post an outline in the Elympics governance forum (Discourse). This open discussion phase fosters collaboration, improves proposal clarity, and helps gauge sentiment. 2) Formal DAO Proposal Once matured, a proposal can move to an official vote via a dedicated voting app. Initially, only wallets holding at least XXXXXXX locked $ELP (representing XXXX% of circulating supply at TGE, subject to change) can submit proposals. ● Proposers without sufficient holdings can seek sponsorship via Discord or contact the core team. ● After submission, a 3-day review period allows for further discussion, lobbying, and refining of the proposal. 3) Voting Voting takes place off-chain on Snapshot. Each X locked $ELP = X vote. ● Voting lasts for XX days ● If quorum is reached in the final XX hours, the vote is extended by X days (late quorum extension) 4) Passing requirements: ● Simple majority (50%+) ● Quorum of X% of total locked $ELP 5) Execution If passed, the proposal enters a 3-day waiting period before implementation, allowing users to react (e.g. withdraw funds, voice concerns). Afterwards, the Security Council enacts the decision. 6) Security Council The Elympics Security Council is a 5-member multisig with a 3-of-5 signature threshold. It serves two critical functions: ● Emergency Powers: In urgent situations (e.g. protocol exploits, user fund risks), the Council can take swift, unilateral action without a community vote. ● Execution Layer: All passed DAO proposals are executed by the Council to ensure trust-minimized and secure implementation With all this said, tell me what you think about the $ELP governance.  XXX engagements  **Related Topics** [holders](/topic/holders) [protocol](/topic/protocol) [token](/topic/token) [governance](/topic/governance) [topics](/topic/topics) [$elp](/topic/$elp) [Post Link](https://x.com/Anodyneee/status/1948652371392741492)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Amp™ @Anodyneee on x 1208 followers
Created: 2025-07-25 07:51:44 UTC
Having discussed a lot of topics about @elympics_ai , let's look into $ELP Governance
The Elympics ecosystem is governed by its community through the $ELP token, empowering stakeholders to actively shape the future of the protocol. Token holders and their delegates influence decisions across key areas, including: ● Guiding the product roadmap ● Allocating ecosystem grants
AND WHAT ARE THE GOVERNANCE PROCESSES?
Community Discussion Before a proposal is formally submitted, community members are encouraged to post an outline in the Elympics governance forum (Discourse). This open discussion phase fosters collaboration, improves proposal clarity, and helps gauge sentiment.
Formal DAO Proposal Once matured, a proposal can move to an official vote via a dedicated voting app. Initially, only wallets holding at least XXXXXXX locked $ELP (representing XXXX% of circulating supply at TGE, subject to change) can submit proposals. ● Proposers without sufficient holdings can seek sponsorship via Discord or contact the core team. ● After submission, a 3-day review period allows for further discussion, lobbying, and refining of the proposal.
Voting Voting takes place off-chain on Snapshot. Each X locked $ELP = X vote. ● Voting lasts for XX days ● If quorum is reached in the final XX hours, the vote is extended by X days (late quorum extension)
Passing requirements: ● Simple majority (50%+) ● Quorum of X% of total locked $ELP
Execution If passed, the proposal enters a 3-day waiting period before implementation, allowing users to react (e.g. withdraw funds, voice concerns). Afterwards, the Security Council enacts the decision.
Security Council The Elympics Security Council is a 5-member multisig with a 3-of-5 signature threshold. It serves two critical functions: ● Emergency Powers: In urgent situations (e.g. protocol exploits, user fund risks), the Council can take swift, unilateral action without a community vote. ● Execution Layer: All passed DAO proposals are executed by the Council to ensure trust-minimized and secure implementation
With all this said, tell me what you think about the $ELP governance.
XXX engagements
Related Topics holders protocol token governance topics $elp