🗳️Governance
Governance is a core pillar of the Sonarix protocol, enabling the decentralized community of $SONX holders and stakers to steer the future of the platform. Over time, Sonarix will transition into a fully community-driven protocol, with key decisions governed by token holders through on-chain and off-chain mechanisms.
🧱 Governance Architecture
Sonarix governance is built in progressive stages to ensure security and participation as the protocol scales:
Phase 1 – Off-chain Governance (Snapshot Voting)
Governance is conducted through Snapshot (or equivalent) using staked $SONX balances
No on-chain gas fees required to vote
Used for early proposals, community signaling, and advisory polls
Phase 2 – On-chain DAO Governance
Full smart contract-controlled governance launched on Soneium
Voting outcomes directly execute parameter changes and upgrades
All $SONX stakers are eligible to propose and vote
🪙 Governance Token: $SONX
$SONX is the native utility and governance token of Sonarix.
Governance Power Sources:
Staked $SONX (flex)
1x
Locked $SONX (90+ d)
Up to 3x
LP Staked $SONX (optional)
TBD
Only users with active stakes can vote or propose decisions. This ensures governance reflects long-term aligned participants.
📜 Proposal Lifecycle
The governance process follows a standard flow with minimum thresholds to prevent spam or abuse.
1. Proposal Creation
Requires a minimum amount of staked $SONX
Must follow the Sonarix Improvement Proposal (SIP) format:
Abstract
Motivation
Technical Specification
Risk Considerations
Implementation Path
2. Voting Period
Typical voting window: 3–7 days
Quorum and majority requirements must be met
Voting weight is proportional to staked token power
3. Execution
If successful:
Off-chain votes signal action (e.g., via multisig)
On-chain votes trigger direct protocol changes using smart contract executors
⚙️ Governance-Controlled Parameters
Governance will control all core and economic settings of the Sonarix protocol, including but not limited to:
Risk Parameters
Loan-to-Value (LTV)
Liquidation Thresholds
Supply & Borrow Caps
Interest Rate Strategy
Base Rate, Slope1, Slope2, U_opt
New Market Listings
Adding new collateral or borrow assets
Isolation Mode asset configuration
Insurance Fund Usage
Coverage rules
Premium allocation
Emergency withdrawals
Protocol Revenue Distribution
Buybacks, staking pool injections, treasury growth
Upgrade Proposals
Contract upgrades via verified implementation pipelines
🔐 Governance Security
Sonarix governance is built with several layers of protection:
Multisig Guardianship (Early Phases) Protocol upgrades and proposals are routed through a Gnosis Safe multisig held by core contributors and auditors until DAO control is fully decentralized.
Time-Lock Delay All on-chain executions have a delay buffer (e.g., 48–72 hours) allowing the community to react before major protocol changes are finalized.
Emergency Pause A governance-approved emergency pause mechanism can freeze specific actions during attack detection.
📈 Future Governance Utility
In addition to protocol control, Sonarix governance may expand to:
DAO-managed treasury investments and grants
Delegated governance for passive users
Voting weight delegation to trusted entities
Cross-DAO collaborations with other Soneium-based protocols
Funding new vaults, insurance pools, or liquid staking modules
🧭 Governance Timeline
Phase 1
Snapshot-based Voting (Off-chain)
Q4 2025
Phase 2
On-chain Voting with Execution Power
Q2 2026
Phase 3
Full DAO Treasury and Governance Control
Late 2026
✅ Summary
$SONX is required to create and vote on proposals
Long-term stakers have more influence via multipliers
Governance can shape everything from rates to risk, insurance, and expansion
Transparent, secure, and community-driven evolution of Sonarix
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