Governance

The network is run by the people who use it

PAX holders decide how Paxeer X works: its fees, its markets, its upgrades and its safety switches.

There is no board meeting and no quarterly review. A proposal goes up, the vote runs for an hour, and the result takes effect at a block everyone can see.

Get PAX to take partHow voting works on chain

From idea to in force

Four steps, and the slowest one is the conversation.

  1. 01

    Raise it where others can see it

    A change starts as a conversation: a thread in Discord or an issue on GitHub that says what is wrong or missing and who it affects. Plenty of ideas are settled right there.

  2. 02

    Put it to the network

    When an idea is ready, anyone can submit it as a proposal with a PAX deposit. The deposit keeps the queue serious and comes back when the vote closes.

  3. 03

    Vote for one hour

    Every PAX holder who stakes gets a vote, weighted by how much they stake. A standard vote runs one hour. An urgent fix runs twenty minutes.

  4. 04

    Watch it take effect

    A passed proposal takes effect at a named block, so every node switches at the same moment and nobody has to coordinate a restart by hand.

What a vote can change

The settings that shape what it costs to use the network and how safely it runs are not set in a back office. They are parameters, and a vote moves them.

Software upgrades
New versions of the network, scheduled for a block that everyone can see coming.
Fees and gas
Which coins pay for gas, and the rate at which SID is accepted alongside PAX.
Paid web search
The price an agent pays per search request, currently a fraction of a cent.
Markets
Which spot pairs and perpetual markets the network lists, and the risk settings behind them.
Safety switches
The ability to pause a part of the network in an emergency while keeping every exit open, so funds can always come out.
Receipt keys
The keys that sign every receipt the network hands back. Only a vote can rotate them.

Quick answers

Have a say in where the network goes

Stake PAX, read the open proposals, and cast your vote. Your stake keeps earning while you do.

Get PAXTalk it through on Discord