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Governance

usmewe is progressively decentralizing governance to its community. Token holders can propose and vote on protocol changes.

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Governance Model

┌─────────────────────────────────────────────────────────────────┐
│  USMEWE GOVERNANCE                                              │
├─────────────────────────────────────────────────────────────────┤
│                                                                 │
│    tmUSDC Holders                                               │
│         │                                                       │
│         ▼                                                       │
│    ┌─────────┐     ┌─────────┐     ┌─────────┐                │
│    │ Propose │ ──► │  Vote   │ ──► │ Execute │                │
│    └─────────┘     └─────────┘     └─────────┘                │
│                                                                 │
│    Timelock: 48 hours before execution                          │
│                                                                 │
└─────────────────────────────────────────────────────────────────┘

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Governance Token

tmUSDC (Trust Mint USDC) serves as the governance token:

Voting Power

1 tmUSDC = 1 base vote (multiplied by level)

Proposal Rights

1,000 tmUSDC required to create proposals

Delegation

Delegate votes to representatives

Snapshot

Voting power snapshot at proposal creation

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What Can Be Governed?

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Protocol Parameters

ParameterCurrentGovernance
Base interest rate3%Adjustable
Insurance fee10%Adjustable
Minimum Trust Score10Adjustable
Maximum loan duration90 daysAdjustable
Vault utilization targets80%Adjustable

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Smart Contracts

  • Upgrade proxy implementations
  • Add new supported assets
  • Modify access control roles
  • Emergency pause functions

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Treasury

  • Protocol fee allocation
  • Development funding
  • Marketing initiatives
  • Bug bounty rewards

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Governance Process

1

Discussion

Ideas discussed on Discord and governance forum
2

Temperature Check

Informal poll to gauge community interest
3

Proposal

Formal on-chain proposal (requires 1,000 tmUSDC)
4

Voting Period

7 days for token holders to vote
5

Timelock

48-hour delay before execution
6

Execution

Proposal executed on-chain

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Voting Thresholds

RequirementValueDescription
Proposal Threshold1,000 tmUSDCMinimum to create proposal
Quorum4%Minimum participation
Majority50%+1Votes needed to pass
Timelock48 hoursExecution delay

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Level Multipliers

Your level affects voting power:
LevelMultiplierExample
Bronze - Gold1.0x100 tmUSDC = 100 votes
Platinum1.5x100 tmUSDC = 150 votes
Diamond2.0x100 tmUSDC = 200 votes
Level multipliers reward long-term, active participants with greater influence.

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Current Phase

usmewe is in Phase 1 of progressive decentralization.
PhaseStatusDescription
Phase 1CurrentCore team + community input
Phase 2Q3 2025Limited on-chain governance
Phase 3Q4 2025Full community governance
Phase 42026DAO transition

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Emergency Actions

For critical situations, a multi-sig guardian can:
  • Pause contracts immediately
  • Execute emergency fixes
  • Override timelock (with disclosure)
Emergency powers will be progressively removed as the protocol matures.

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Get Involved

Discord

Join governance discussions

Forum

Governance proposals forum

Voting Power

Understand your voting power

Proposals

View and create proposals