Decisions on the Vega network are on-chain, with tokenholders creating proposals that other tokenholders vote to approve or reject. This is how the protocol powers the creation of decentralised financial products.
As a token holder, you can submit the proposal to create a new market, change an existing market, change network parameters, add an external asset to Vega and make a freeform proposal (for changes that will not change network behaviour). For each, you will define specific inputs for a set list of parameters, which are validated by the nodes before entering into the voting period you set. Then it's time to rally the community on the forum to vote for your proposal.
The number of tokens needed to make a proposal differs by proposal type, for example Loading... for a new market proposal.
Token holders consider and vote for or against active proposals. Tokens used for voting are not locked or transferred - they can be used for staking as well as voting on any/all active proposals, but cannot be used to trade. Note, each public key with a minimum of 1 $VEGA gets just one vote per proposal.
The number of tokens needed to vote differs by proposal type, for example Loading... for a new market proposal. Each public key is eligible for one vote.
If a proposal receives enough participation and reaches the majority threshold within the voting period, the change is automatically enacted (with the exception of free form proposals). The thresholds differ by proposal type, for example a new market proposal requires participation of Loading... and a majority of Loading....
And store in an Ethereum wallet. You can purchase VEGA using Ethereum (ETH) on decentralized exchanges.
A Vega wallet is used to access and sign transactions and connect to any dApp running on Vega.
Use our governance tools.
Note, you'll need some ETH to pay any transaction fees.