IDLE token
Governance > Idle DAO > IDLE token
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Governance > Idle DAO > IDLE token
Last updated
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The Idle protocol is governed and upgraded by IDLE token-holders, using three distinct components:
IDLE token:
Governance contract (Governor Bravo):
Timelock contract:
When a proposal is created, the community can submit their votes during a 3-day voting period. If a majority and at least 520,000 (4% of the total supply) votes are cast for the proposal, it is queued in the Timelock and can be implemented after 2 days.
The Timelock contract can modify system parameters, logic, and contracts in a 'time-delayed, opt-out' upgrade pattern, as reported here , .