3 proposals live. 1 queued. Your stake is your vote.
EQUI is a vote-escrowed governance token. Every protocol parameter — LTVs, borrow caps, oracle adapters, treasury spend — passes through forum discussion, a 5-day vote, and a 48-hour timelock before it touches vault.setRiskParams(). No multisig backdoors.
Active proposals
Snapshot taken at proposal creation. Vote with the EQUI you held at that block — later transfers don't change your weight.
Raise NVDA LTV from 65% to 70%
Pyth feed depth has tripled since the last review. The risk team recommends loosening NVDA's collateral factor by 5 bps to capture additional borrow demand while keeping the liquidation buffer above the 12% safety floor.
Fund OpenZeppelin re-audit of OracleAdapter v3
Allocate 180,000 USDG from the treasury for a six-week deep-dive audit covering the Pyth pull adapter, the staleness guard, and the new circuit-breaker hooks added in commit a47c2f9.
List SPY as collateral · LTV 80% · cap 50M USDG
Onboard the tokenized S&P 500 ETF as collateral. Conservative parameters reflect index-level vol. Borrow cap is half the initial circulating supply on Robinhood Chain to limit single-asset concentration.
Reduce liquidation bonus from 5.0% to 4.5%
Bot inventory and gas sponsorship have made the current 5% liquidator bonus more than competitive. Lowering it 50 bps returns ~$1.1M/yr of capital to borrowers without slowing close times.
Delegate your EQUI
Delegating doesn't move your tokens. It assigns your voting weight to an address — they vote on your behalf until you re-delegate or self-delegate. You can override on any single proposal.
Top delegates
| Delegate | Voting power | Delegators | Participation |
|---|---|---|---|
#1 gauntlet.eth 0x4a2c…91dE | 4.81M 4.81% of supply | 1,284 | 100% |
#2 blocktower.eth 0x82bf…04A1 | 3.91M 3.91% of supply | 612 | 97% |
#3 robinhood-labs.eth 0x0017…d5B2 | 3.22M 3.22% of supply | 39 | 92% |
#4 delphi-research.eth 0xc1d9…7b22 | 2.42M 2.42% of supply | 904 | 89% |
#5 llama.eth 0x37e4…f0Ac | 1.99M 1.99% of supply | 1,502 | 96% |
Past proposals
Every executed proposal is enforceable on-chain. Defeated proposals return to the forum for revision.
| ID | Title | Category | Status | Result | Closed |
|---|---|---|---|---|---|
| EQUI-0038 | Deploy Pyth pull-oracle adapter to mainnet | UPGRADE | EXECUTED | 98.2% for · queued in timelock · executed 2026-04-29 | 21 days ago |
| EQUI-0037 | Raise TSLA borrow cap from 25M → 40M USDG | PARAMETER | EXECUTED | 84.6% for · executed 2026-04-22 | 28 days ago |
| EQUI-0036 | Buy back 1.5M EQUI from open market | TREASURY | DEFEATED | 39.1% for · failed to reach 60% threshold | 34 days ago |
| EQUI-0035 | Add COIN as collateral · LTV 55% | LISTING | EXECUTED | 76.3% for · executed 2026-04-08 | 42 days ago |
| EQUI-0034 | Compensate users affected by 03-14 oracle stall | TREASURY | EXECUTED | 99.4% for · 312K USDG disbursed | 58 days ago |
| EQUI-0033 | Migrate vault to 4-week interest-rate epochs | UPGRADE | DEFEATED | 47.9% for · sent back to forum | 71 days ago |
Governance parameters
Read directly from Governor.sol. Changes require a proposal to amend the constitution itself.
Four steps from forum thread to on-chain effect.
Discuss
Drafts start as forum posts. Author and risk reviewers iterate publicly for at least 72 hours. Off-chain Snapshot poll confirms rough consensus.
Propose
Author posts on-chain with the executable calldata. A 100K EQUI threshold prevents spam. A 1-day voting delay lets holders snapshot.
Vote
5-day window. EQUI weight at the snapshot block decides. 60% for and 25M EQUI quorum required to pass. Delegates can be overridden per-proposal.
Execute via timelock
Passed proposals queue for 48h. Anyone can execute after delay. The timelock owns the protocol — no admin key, no shortcut.