Governance
Governed onchain. Decentralized by design.
CTX holders govern the Cryptex protocol through onchain voting, proposals, and delegation. Every parameter change and treasury decision goes through the DAO.
Governance model
Cryptex uses a Governor Bravo-style governance system with onchain voting. CTX holders can create proposals, vote on changes, and delegate their voting power to trusted community members. The governance system includes timelocks for security and quorum requirements for legitimacy.
Governance process
The path from idea to onchain execution:
- Discussion. Community discusses ideas on the governance forum.
- Temperature Check. Snapshot poll to gauge community interest.
- Formal Proposal. Onchain proposal with executable code.
- Voting Period. 3-day voting window for CTX holders.
- Timelock. 2-day delay before execution for security review.
- Execution. Proposal is executed onchain.
How to participate
To participate in governance, hold CTX tokens and connect your wallet to the governance portal. You can vote directly or delegate your voting power to another address. Delegating does not transfer your tokens — only your voting weight.
CTX token
CTX is the governance and utility token of the Cryptex protocol:
- Governance Voting. Vote on protocol proposals and parameter changes.
- Delegation. Delegate voting power to trusted representatives.
- Staking Rewards. Earn protocol revenue by staking CTX.
- Fee Discounts. Reduced trading fees for CTX stakers.
Tokenomics
CTX has a fixed maximum supply of 10,000,000 tokens. The distribution includes allocations for the team, investors, community treasury, and liquidity incentives. A detailed breakdown is available in the governance forum.
Staking
Stake CTX to earn a share of protocol revenue and receive boosted governance power. Staked CTX has a 14-day unstaking period to align incentives between stakers and the protocol.
Creating proposals
To create a proposal, you must hold or have been delegated at least 10,000 CTX (0.1% of total supply). Proposals include a description, executable onchain actions, and a title. Draft your proposal on the governance forum first to gather community feedback.
Voting
Voting is open for 3 days after a proposal is submitted. Each CTX token (including delegated tokens) counts as one vote. You can vote For, Against, or Abstain. Voting does not lock your tokens.
Quorum & thresholds
A proposal requires a quorum of 400,000 CTX (4% of total supply) voting in favor to pass. Additionally, the For votes must exceed the Against votes. After passing, proposals enter a 2-day timelock before execution.
Delegation
Delegation allows CTX holders to assign their voting power to trusted community members without transferring tokens.
How delegation works
When you delegate, your CTX tokens remain in your wallet — only the voting weight is transferred to your chosen delegate. You can change or revoke your delegation at any time. Delegation is free (only a gas transaction) and takes effect immediately.
Choosing a delegate
Review active delegates on the governance portal. Each delegate has a profile showing their voting history, participation rate, and stated governance philosophy. Choose a delegate whose values align with yours.
Becoming a delegate
Anyone can become a delegate by creating a delegate profile on the governance portal. Share your background, expertise, and governance philosophy to attract delegators. Active delegates with strong voting records tend to attract more delegation over time.
Resources
- Governance Portal (Tally) — submit proposals, delegate voting power, and review active votes.
- Community Forum — governance discussions, pre-proposals, and community engagement.