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  • ABOUT THE JPEG'd PROTOCOL
    • 🚬Introduction to JPEG'd
    • ⚙️Lending Mechanics
      • Borrow Interest Rates, Fees and Vault Tiers
      • Loan-to-Value Ratios and Liquidation Thresholds
      • NFT Pricing
      • Liquidations
      • Borrow with JPGD
    • 🌟Supported Collections
    • ☂️Liquidation Insurance
    • ⚡JPEG'd Boosts
      • LTV Boost
      • Traits Boost
        • Traits Boost Multipliers
      • Cigarette Boost
    • 🔨Auctions
    • 🤖Notification Bot
    • 🪂Airdrop
    • 🪙Tokens
      • $JPGD
      • $pETH
      • $PUSd
      • JPEG Cards
  • CDP LENDING GUIDES
    • 💵Borrowing
      • Open a Position
      • Manage an Existing Position
      • Create an LTV Boost
      • Close a Position and Withdraw Collateral
    • 💰Get Yield on JPEG'd
      • 🚜Farming with $pETH
      • Farm with $PUSd
      • 🙊$APECoin Staking on JPEG'd
        • Solo $APE Staking
        • P2P $APE Staking
        • $APE Staking FAQs
    • 📺JPEG'd Videos
    • 🛫Migrate JPEG to JPGD
    • 💎Airdrop Claiming
  • Peer 2 Peer Lending
    • 🤝Peer 2 Peer Lending
    • How it works
    • For Borrowers
      • How to List an NFT
      • Accepting a Collection Offer
      • Closing a Loan
      • How Does Refinancing Work
      • How Does Default Happen
    • For Lenders
      • Single NFT Lending Offers
      • Collection Offers
      • Refinancing an Existing Loan
      • Liquidation
    • Add a collection
  • TOKENOMICS
    • 📊Supply Graph
  • Contracts
    • 🪙Tokens
    • 👾Treasury
    • 🥐CDP Lending
    • 🍒Peer 2 Peer Lending
  • Security & Governance
    • 🗳️Quorum & Requirements
      • Governance Links
    • 🔐Audits
    • 👾DAO Treasury
  • Links
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  1. Security & Governance

Quorum & Requirements

PreviousPeer 2 Peer LendingNextGovernance Links

Last updated 5 months ago

Holders of JPGD can create or vote on governance proposals that shape and oversee the protocol. Such proposals may include, but are not limited to, changing debt limits on vaults, changing deposit, interest, insurance, or any other type of fees, adding new NFT collections, approving increased credit limits for certain NFTs, etc.

Votes are conducted on our Snapshot page, which you can find . Votes are approved if they attain over 50% of the votes in support. Additionally, valid proposals must pass quorum. Quorum is 3% of the total supply (3,000,000,000 JPGD). If a proposal achieves 50% of votes in favor, yet does not meet quorum, it will not pass as it is not a valid, binding proposal.

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