🏛️Governance

MantaDAO is fully governed by MNTA stakers who jointly own, operate, maintain and fund the development of the project.

Staking

Staking is the process of temporarily locking up MNTA in exchange for governance rights and rewards from revenue distribution and any staking incentives. Staked MNTA are required to secure the DAO and participate in governance in several ways:

• Decentralize ownership and voting power.

• Help prevent 51% attacks where a nefarious actor (or a group acting in concert) tries to take control of a majority of the voting power in order to misappropriate DAO’s assets.

• Vote on an active Manta Improvement Proposals (MIPs).

• Create a new MIP focusing on a particular objective.

Unstaking is subject to a 21-day unbonding period.

Voting Process

MNTA stakers can participate in the governance process by submitting and voting on Manta Improvement Proposals (MIPs). A quorum of 30% is required to pass a proposal, with a threshold of 50% (amount of Yes votes needed to pass).

A deposit of 100 USK is required to submit a proposal, which will be refunded upon a successful vote. The deposit will not be refunded if the proposal fails to pass (this is to prevent spam governance proposal). The maximum voting period for proposals is 7 days.