Governance Process

Nirvana governance is community-run, powered by prANA, the token that represents influence, commitment, and share in protocol direction.

To participate in governance, users deposit prANA into the system. This gives them vote power, which can be freely allocated across live proposals on the governance ballot.

Here’s how the process works:

1. Acquire prANA

• Stake ANA to earn prANA rewards over time.
• prANA accrues continuously and can be claimed at any point.
• You’ll need prANA to participate in governance.

2. Deposit prANA

• Navigate to “Govern & earn with prANA” in the app sidebar.
• Click “Deposit” to deposit your prANA into the governance system.
• Deposited prANA gives you vote power (1 prANA = 1 vote).

Note

Note: Depositing prANA also enables revenue sharing. You earn a proportional share of protocol fees for as long as your prANA is deposited.

3. Allocate Votes

• Browse the live ballot of proposals (e.g., fee changes, emission rates, floor raises).

• Each proposal shows:

  • Current parameter
  • Proposed changes
  • Support percentages and voter counts

• Use the “Edit Votes” button to allocate vote power to any item.

  

• You can vote for, against, or abstain by not allocating.

Note

Votes are non-consumable and can be reallocated at any time.

4. Locked vs. Unlocked

• When you allocate votes, your deposited prANA becomes locked.
• To withdraw your prANA, you must first remove your vote allocations.

This system ensures that active voters are committed while allowing full flexibility to exit or reassign.

5. Tally and Execution

• Governance votes are tallied weekly.
• Winning parameters are automatically enacted by the protocol.
• There are strict limits and incremental steps on changes to ensure stability.

The more prANA you earn and deposit, the more influence you hold over Nirvana’s direction, and the more protocol revenue you receive.