papers/hanzo-tokenomics/sections/09-token-governance.tex

\section{Token Governance}

\label{sec:tokengov}
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The Hanzo DAO governs all token-economic parameters. Governance is implemented as
an on-chain contract on Hanzo Network (chain ID 36963) with the following
structure:

\begin{itemize}[leftmargin=1.1em]
    \item \textbf{Proposal threshold}: 100,000 HANZO (0.01\% of supply) to
    submit a proposal.
    \item \textbf{Quorum}: 50,000,000 HANZO (5\% of supply) must participate for
    a vote to be valid.
    \item \textbf{Approval}: $>$66\% of voting power must approve.
    \item \textbf{Timelock}: 7-day delay between approval and execution.
    \item \textbf{Security council}: 5-of-9 multi-sig with veto power and
    emergency pause capability.
\end{itemize}

\paragraph{Governable parameters.}

\begin{table}[H]
\centering
\small
\begin{tabular}{llr}
\toprule
\textbf{Parameter} & \textbf{Range} & \textbf{Default} \\
\midrule
Market fee ($f_m$) & 10--100 bps & 30 bps \\
Risk fee coefficient & 1--50 bps & 5--20 bps \\
Burn rate ($\zeta$) & 10--50\% & 25\% \\
Treasury share ($\beta$) & 5--20\% & 10\% \\
Staking minimums & $\pm$50\% & See Table~\ref{tab:staking} \\
Emission halving period & 2--6 years & 4 years \\
Fee discount tiers & Adjustable & See Table~\ref{tab:fees} \\
\bottomrule
\end{tabular}
\caption{DAO-governable parameters with allowed ranges and defaults.}
\label{tab:governance}
\end{table}

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