Governance is one of the key pillars of the Wagon Network. The Wagon Network protocol is governed by StkWAG token holders, and all proposals must go through a governance process.

In general, our governance process can be divided into two parts; off-chain and on-chain governance.

Off-Chain Governance

This is the first part of the process. It takes place on our Forum (as a Request for Comments). The purpose of this is to get input from the Community on a proposal and gather support, before moving the proposal on-chain (if necessary — not all proposals need to be submitted on-chain in order to pass).

On-Chain Governance

This refers to the part of the process that takes places on the blockchain. First a proposal is created on-chain (which can be done by either the public or the Council), and this is generally followed by an on-chain referendum where all token holders can vote Yes or No.

Some of these proposal types have different governance processes, but they all start with a post on the Forum.

It is very important that the Wagon Proposal is submitted correctly. In the event of an incorrectly formatted proposal, the process will need to be repeated.

Please contact the Wagon team on the Forum if you have any questions regarding the process.

On the early phase, Wagon Governance will only took place off-chain. On-Chain governance will be launch after Wagon RWA DeFi is stable.

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