Governance

$QUIV is the fixed-supply governance token. Locking it into veQUIV gives voting power over the parameters that matter.

The $QUIV token

$QUIV is a fixed-supply governance token (100,000,000). It confers no claim on protocol assets or revenue except as governance may in future determine.

veQUIV

Voting power comes from locking $QUIV into veQUIV (vote-escrow) — the longer you lock, the more weight you hold.

What governance controls

• Collateral onboarding and offboarding
• Risk parameters — LTVs, liquidation thresholds, debt caps
• The stability fee schedule
• Surplus Buffer allocation
• The oracle set