Members of Xsauce ecosystem will be able to use $sSAUX (Staked Sauce) to vote on platform changes and features, most notably the composition of indices or specific cultural assets not listed on the platform.
Xvault staking mechanism with governance multiplier
There will be a proposal process that will have layers of consensus before escalation to a shareholder wide vote and subsequent implementation by the dev team. We have a dynamic voting system that allows stakers to lock their $sSAUX tokens for a period of 3 to 12 months to receive a governance and yield multiplier.
A governance multiplier rewards those who lock up more voting power complementary to how long they lock their tokens. Governance is all about skin in the game. Therefore, those who are willing to lock their tokens shall receive higher staking yields and more votes on their staked tokens.
Members can also opt to ‘put skin in the game’ behind proposals. This is simply a wager that implies staking your $SAUX along with your vote.
Not only do we have dynamic assets but we also have a dynamic governance structure.
If the proposal passes, members with $SAUX stakes will automatically be allocated a proportionate percentage of the synthetic asset. This rewards committed members that are invested in the future of Xsauce.