Proposals on PACTPACT is governed by a consortium of fintechs, asset managers, and ecosystem stakeholders.

Frequently Asked Questions

What is vePACT?

vePACT (vote-escrowed PACT) is a governance token that allows holders to participate in PACT protocol governance. By locking PACT tokens for a specified period, users receive vePACT tokens proportional to their lock amount and duration, which can be used to vote on proposals and influence protocol decisions.

Can I unlock my PACT immediately after voting?

No. If you vote on a proposal, your tokens remain locked until that proposal has finished its execution window. This prevents users from voting and then immediately withdrawing their tokens.

What happens if a proposal does not reach quorum?

If quorum is not met, the proposal automatically fails and no actions are executed. The tokens used for voting remain locked until their unlock period is complete.

What's the unlock period?

The unlock period is the time duration for which your PACT tokens remain locked after voting. This period varies depending on the proposal type and is designed to ensure governance stability and prevent manipulation.

How are proposals executed?

Proposals are executed automatically by the smart contract once they pass the voting phase and meet all requirements including quorum and majority approval. The execution happens during a designated execution window after the voting period ends.