How Voting Works

Every major change to Pi Protocol goes through a formal on-chain voting process. This includes upgrades to smart contracts, treasury allocations, parameter changes for vaults, or access control decisions.

Here’s how it works:

• Proposal Submission: Any USPi holder can submit a proposal if they meet the minimum token threshold required to initiate one.
• Voting Period: Once submitted, the proposal is visible on-chain and enters a fixed voting window (e.g. 5–7 days).
• Voting Power: USPi or sUSPi holders vote based on the amount they hold or have locked. The more tokens held (especially time-locked), the greater the vote weight.
• Passing Criteria: Each proposal must meet a predefined quorum (minimum participation) and receive a majority “Yes” vote to pass.
• Execution: If the vote passes, the change is executed directly through smart contracts, without relying on any central authority or multisig.

This system ensures that Pi Protocol remains community-owned, transparent, and resistant to centralized intervention.