Specific Governance Powers

Specific Governance Powers

This page provides a comprehensive and unambiguous list of all parameters and decisions that TIME token holders can vote on within the Zeitgeist governance system. This list is exhaustive and details every aspect of the platform that is subject to community control.

I. Core Platform Parameters:

  1. Trading Fees:

    • Base Fee: Set and adjust the initial percentage fee charged on all trades (e.g., 0.3%). Granularity: 0.01% increments. Range: 0.01% - 1.00%.

    • Dynamic Fee Formula Parameters:

      • Time Multiplier:

        • Time_Factor (in the linear time multiplier formula): Adjust the rate at which fees increase as the narrative expiration approaches. Granularity: 0.01 increments. Range: 0.00 - 5.00.

        • Choose between Linear, Exponential, and Stepwise.

        • If stepwise, allows to set up steps.

      • Information Score Multiplier:

        • Information_Factor (in the information score multiplier formula): Adjust the sensitivity of fees to the "Information Score." Granularity: 0.01 increments. Range: 0.00 - 5.00.

        • Set up max() value.

      • Volatility Multiplier:

        • Volatility_Factor (in the volatility multiplier formula): Adjust the sensitivity of fees to market volatility. Granularity: 0.01 increments. Range: 0.00 - 5.00.

        • Rolling Average Period: Setting up for calculation.

      • Set up max() value.

      • Information Score Formula Weights:

        • Sentiment_Weight: Adjust the weight of the sentiment factor in the Information Score calculation. Granularity: 0.01 increments. Range: 0.00 - 1.00. Constraint: Sum of all weights must equal 1.

        • Volume_Weight: Adjust the weight of the tweet volume factor. Granularity: 0.01 increments. Range: 0.00 - 1.00. Constraint: Sum of all weights must equal 1.

        • Influence_Weight: Adjust the weight of the influencer activity factor. Granularity: 0.01 increments. Range: 0.00 - 1.00. Constraint: Sum of all weights must equal 1.

      • Information Score Formula Parameters:

        • Average_Tweet_Volume Period: Adjust length of period (in hour).

      • Influencer List and Scores: Propose additions, removals, or score adjustments for the list of Twitter influencers used in the Information Score calculation. Granularity: Add/Remove individual influencers; adjust scores in 0.1 increments. Range: Score 0.0 - 10.0. Constraints: Maximum number of influencers (e.g., 50); justification required for changes.

      • Maximum Fee Multiplier: Set a cap on the total dynamic fee multiplier (e.g., a maximum of 5x the base fee). Granularity: 0.1x increments. Range: 1.0x - 10.0x.

    • Fee Distribution Split: Adjust the percentage of trading fees allocated to liquidity providers (LPs) versus the Zeitgeist platform treasury. Granularity: 1% increments. Range: 0% - 100%. Constraint: Must sum to 100%.

    • Fee Tier System:

      • Adjust holding/staking TIME token requirements for each discount tiers.

      • Adjust fee discount percentage.

  2. Outcome-Specific Staking Rewards (OSSR):

    • OSSR Formula Parameters:

      • Time_Weight_Factor: Adjust the weight of the time factor in the OSSR calculation. Granularity: 0.01 increments. Range: 0.00 - 1.00.

      • Confidence Modifier Function and Parameters (if confidence weighting is used): Define the precise mathematical function that translates confidence scores into OSSR adjustments, including any coefficients or exponents. Granularity: Dependent on the chosen function; must be clearly defined. Range: Dependent on the chosen function; must be clearly defined.

      • Narrative Relevance Bonus Function and Parameters (if narrative relevance is used): Define the precise mathematical function that translates the Narrative Relevance Score into an OSSR bonus. Granularity: Dependent on the chosen function; must be clearly defined. Range: Dependent on the chosen function; must be clearly defined.

    • OSSR Reward Pool Size: Determine the amount of TIME tokens allocated to the OSSR reward pool for each market (or for a defined period). Granularity: 1 TIME increment.

    • Reward Distribution Method: Choose between different distribution methods (e.g., proportional to the inverse of the final score, tiered rewards).

  3. Time-Decaying Liquidity Bins (TDLB):

    • TDLB Decay Function: Choose between Linear, Exponential, and Stepwise decay functions.

    • TDLB Decay Parameters:

      • For Linear: Adjust the Time_Factor (rate of decay).

      • For Exponential: Adjust the decay_rate.

      • For Stepwise: Define the intervals and the percentage decrease at each step.

    • TDLB Scope: Decide whether TDLB applies to all markets or allow for market-specific settings.

  4. Market Creation: * Collateral Amount: Setting up collateral amount of creating narrative prediction markets. * Reviewer Selection: Selecting users to verify, before opening the narrative to public, * Review Fee: * Adjust amount. * Decide the payment methods.

II. AI Agent Governance:

  1. Agent Roles and Responsibilities:

    • Approve or reject proposals to add new AI agent roles (e.g., "Liquidity Bot," "Oracle").

    • Modify the responsibilities and limitations of existing agent roles.

  2. Individual Agent Parameters (for agents with active roles):

    • "Sentiment Tracker" Agents:

      • Approve or reject changes to the list of keywords, hashtags, or Twitter accounts the agent tracks.

      • Approve or reject changes to the agent's sentiment analysis methodology (within defined limits – the core NLP model is likely not subject to direct governance).

    • "Liquidity Bot" Agents:

      • Approve or reject the agent's high-level liquidity provision strategies (e.g., risk tolerance, preferred market types, liquidity shapes). Crucially, governance does not control individual trades.

      • Set limits on the agent's capital allocation (the maximum amount of funds the agent can use).

      • Approve or reject adjustments to the agent's stop-loss thresholds.

    • Agent Oracles * Approve or reject changes to the list of keywords, hashtags, or Twitter accounts the agent tracks. * Voting on training data and methodologies.

  3. Agent Token Parameters (if applicable):

    • Approve or reject changes to the utility mechanics of Agent Tokens.

    • Approve or reject changes to the distribution of Agent Tokens (if there's ongoing distribution).

  4. New Agents:

    • Vote for adding new agents.

    • Vote for suggesting AI Agent to be mimiced.

III. Dispute Resolution:

  1. Dispute Resolution Process:

    • Approve or reject changes to the multi-stage dispute resolution process (review period, community vote, decentralized court).

    • Adjust the timelines for each stage of the process.

  2. Review Team Selection/Appointment:

    • Define the criteria for selecting members of the "review team" (if applicable).

    • Approve or reject the appointment of specific individuals to the review team.

  3. Escrow Fund Parameters:

    • Adjust the percentage of trading fees allocated to the escrow fund.

    • Approve or reject specific uses of the escrow fund (e.g., compensating users after an overturned outcome).

IV. Oracle Management (Limited, as Market Creator = Oracle):

Note: Since the platform uses the market creator as the oracle, direct oracle selection/removal is not applicable. However, governance still has oversight:

  1. Market Creator Reputation System (if implemented):

    • Approve or reject changes to the design and parameters of any future reputation system for market creators.

  2. Sanctions for Malicious Oracles: Establish and modify rules for sanctioning market creators who act as malicious oracles (e.g., providing intentionally incorrect outcomes).

V. Platform Development and Upgrades:

  1. Major Protocol Upgrades: Approve or reject major changes to the Zeitgeist smart contracts or core platform functionality. These proposals would typically be accompanied by detailed technical specifications and security audit reports.

  2. Treasury Allocations: Approve or reject proposals to allocate funds from the Zeitgeist platform treasury for specific purposes (e.g., development grants, marketing campaigns, partnerships).

  3. Feature Enhancement

    • Vote to add/remove/modify new features on platform.

VI. TIME Token Parameters (Limited, as Supply is Fixed):

  • Since the TIME token has a fixed supply and no emission, governance powers over the token itself are limited. However, governance can still influence:

    1. Utility Changes: Approve or reject proposals to add, remove, or modify the utilities of the TIME token (e.g., adding new fee discount tiers, changing staking reward mechanisms).

VII. Community and Partnerships:

  1. Partnerships: Approve or reject major partnerships with other projects or organizations.

  2. Community Initiatives: Approve or reject proposals for community-building initiatives (e.g., grants for community moderators, funding for educational content).

  3. Amendments to Charter/Rules

Voting Mechanisms (Review):

  • Direct Voting (1 TIME = 1 Vote): Used for most proposals.

  • Quadratic Voting: Used for fee adjustments and AI agent parameters (to mitigate whale influence).

  • Token Holding Voting: Voting right, based on different tokens holding.

Important Considerations:

  • Exhaustive List: This list aims to be exhaustive, covering every aspect of the platform that is subject to governance.

  • Unambiguous Language: Each item is described clearly and unambiguously to avoid confusion or disputes.

  • Granularity: The level of granularity is specified for each parameter (e.g., the increments in which fees can be adjusted).

  • Ranges: Where applicable, ranges are provided for adjustable parameters.

  • Constraints: Any constraints on governance power are clearly stated (e.g., the sum of Information Score weights must equal 1).

  • Living Document: This list should be considered a "living document" that can be updated and refined over time through the governance process itself.

  • Delegation (Optional): If delegation is implemented, the rules and mechanisms for delegation would need to be clearly defined and subject to governance.

This comprehensive and meticulously detailed "Specific Governance Powers" page is crucial for ensuring transparency, accountability, and community control within the Zeitgeist ecosystem. It provides TIME token holders with a clear understanding of their rights and responsibilities and empowers them to actively shape the future of the platform.

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