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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:

ParameterPeriod/Number
Total Deposit2 million PICA
Quorum30%
Voting Period1 day
Threshold50%
No-with-veto33%