The Heart of Tinyman: Unpacking Our New Governance System

Tinyman
5 min readJul 10, 2024

We’ve been buzzing with excitement since announcing our new governance system, and we can’t wait to share more details with you. Today, we’re pulling back the curtain to show you not just how our governance works, but why we’ve built it this way. Grab a coffee (or your beverage of choice), and let’s dive in!

From Ideas to Action: The Governance Journey

Every great change starts with an idea, right? That’s why we’ve created the Governance Forum. It’s like a town square for the Tinyman community — a place where anyone can share their thoughts, no matter how big or small. We believe that the best solutions often come from unexpected places, so we’ve made sure everyone has a voice here.

But we know that not every idea is ready for prime time right away. That’s where our Proposal Check comes in. Think of it as a dress rehearsal for your governance proposal. It’s off-chain, so there’s no pressure, but it gives you a chance to gauge interest and gather feedback. It’s our way of helping you refine your ideas before they hit the big stage.

Speaking of the big stage, that’s our on-chain Proposal Voting. This is where the magic happens. Your refined proposal goes live on the blockchain for a week of voting. Why a week? We want to make sure everyone, no matter their time zone or schedule, has a chance to weigh in. Your voice matters, and we want to hear it!

And of course, what good is a decision if it doesn’t lead to action? That’s why we have our Proposal Execution phase. Once a proposal passes, it doesn’t just sit there — it becomes reality. We’ve even built in a short delay to make sure everything’s in order before the changes go live.

The Vault: Where Your Commitment Counts

Now, let’s talk about the engine that powers our governance: the Governance Vault. This isn’t just a place to store tokens; it’s where your commitment to Tinyman really shines.

When you lock your TINY tokens in the vault, you’re not just setting them aside — you’re amplifying your voice in the community. The longer you’re willing to lock them, the more say you get. We call this your TINY Power, and it’s our way of rewarding those who are in it for the long haul.

Why did we design it this way? Well, we believe that those who are committed to Tinyman’s long-term success should have a bigger say in its future. It’s also our way of encouraging everyone to think long-term. After all, we’re not just building for today — we’re building for the future of DeFi.

Rewards for the Governors

Of course, we know that governance isn’t always glamorous work. That’s why we’ve built in a rewards system for our dedicated governors. By participating in governance, you’re not just shaping the future of Tinyman — you’re earning rewards too.

We’ve structured these rewards to encourage early participation while ensuring long-term sustainability. It’s our way of saying “thank you” for being an active part of our community and helping to steer the ship.

Proposals: Where Ideas Become Reality

Now, let’s talk about the heart of governance: proposals. We’ve designed our proposal process to be both accessible and meaningful. Anyone with enough TINY Power can submit a proposal, but we’ve set the bar high enough to ensure that proposals are well-thought-out and serious.

When it comes to voting, we’ve made sure that every voice counts. Your voting power is based on your TINY Power, so the more committed you are to Tinyman, the more influence you have. And don’t worry — we’ve even included a veto option as a safeguard against any potentially harmful proposals.

Farming Rewards: Community-Driven Liquidity

Last but definitely not least, let’s talk about our innovative approach to farming rewards. We’ve created a hybrid system that combines stability with flexibility. A portion of rewards goes to core pools to ensure baseline liquidity, while the rest? That’s up to you!

Every month, our community gets to vote on which pools should receive incentives. It’s like a monthly check-in, allowing us to adapt to the ever-changing DeFi landscape. This way, we’re not just reacting to the market — we’re staying ahead of it, together.

Why It All Matters

At the end of the day, this governance system is about more than just making decisions. It’s about building a community. It’s about giving you, our users, real ownership over the protocol you use. It’s about creating a DeFi platform that’s truly by the people, for the people.

We’ve poured our hearts into designing this system, carefully balancing security, fairness, flexibility, and long-term thinking. But now, it’s over to you. This is your chance to shape the future of Tinyman, to have a real impact on the world of DeFi.

So, what do you say? Are you ready to dive in and become a Tinyman governor? We can’t wait to see what we’ll build together!

Stay tuned for more updates, including detailed guides on how to participate. The future of Tinyman is in your hands, and the future looks bright!

Your Tinyman Team

P.S. Got questions? Ideas? We’re all ears! Drop by our Discord or Telegram and let’s chat. This is just the beginning of our governance journey, and we’re thrilled to have you along for the ride!

Tinyman App
Governance Forum
Twitter
Reddit
Website
Youtube

--

--

Tinyman
Tinyman

Written by Tinyman

Tinyman is a re-imagined decentralized trading protocol that utilizes the fast and secure framework of the Algorand blockchain