TaifoonTAIFOON
TaifoonTAIFOON
TAIFOON PROTOCOL — GOVERNANCE
21GOVERNANCE

Governance

Coming Soon • Post-FOON Launch
Yawning DAO Not Yet Launched
The Yawning DAO will be established after FOON token launch. Initial governance will be managed by the Taifoon core team.
This documentation describes the planned implementation. Features and specifications may change before launch.
TL;DR
veFOON governance activates at 100M FOON distributed. Proposal threshold: 10M FOON bonded. Quorum: 100M FOON (10% supply). Approval: >66% supermajority + 7-epoch delay. Treasury (200M), Team (200M), and Liquidity (150M) controlled by multisig (3-of-5 or 2-of-3).
V2 Governance (veFOON)
  • MechanismStake FOON → veFOON
  • Proposal Threshold10,000 FOON
  • Voting Period7 days
  • Execution Delay2 days timelock
  • StatusFuture Activation
Operational Governance Thresholds
  • Activation Trigger100,000,000 FOON distributed
  • Proposal Power Required10,000,000 FOON
  • Quorum (bonded)100,000,000 FOON (10% supply)
  • Approval Threshold>66% supermajority
  • Voting Period7 days + 7 epoch delay
Proposal Threshold (bonded)
10M
FOON
1% of supply · must be actively bonded
Quorum Required
100M
FOON
10% of total supply participating
Approval + Execution Delay
66
%
Supermajority + 7-epoch delay (safety buffer)
Multisig Control Structure
Treasury
200M FOON
Requires 3 of 5 signatures
Founder 1 · Founder 2
Lead Developer
Community Representative
Independent Director
Team Vesting
200M FOON
Requires 3 of 5 signatures
CEO · CTO · Legal
Board Member 1
Board Member 2
Liquidity
150M FOON
Requires 2 of 3 signatures
Treasury Manager
DeFi Lead
Risk Manager