Governance
Similar to the way that majority of Cosmos SDK chains operate, validators can vote using tokens they are delegated with. However, if a delegator votes themselves, their voting decision will override the validator’s vote if the decision differs. The parameters for the governance on Picasso are as follows:
Parameter | Period/Number |
---|---|
Total Deposit | 2 million PICA |
Quorum | 30% |
Voting Period | 1 day |
Threshold | 50% |
No-with-veto | 33% |