Governance
Pilier uses PIL Trust (tPIL) as its governance mechanism, transforming the blockchain from a transaction ledger into a reputation-weighted decision-making system.
Unlike traditional "1 token = 1 vote" models, Pilier governance requires time commitment, ensuring that decisions are made by those with long-term alignment to the protocol's success.
Overviewβ
What is Governance?β
Governance determines how Pilier evolves:
- π§ Technical decisions: Transaction fees, validator set, runtime upgrades
- π° Economic decisions: Treasury allocations, fee splits, validator income target
- π Strategic decisions: Ecosystem grants, civic partnerships, future direction
Who governs? In the current testnet, the validator council (3/4 supermajority). In the future, anyone locking PIL tokens and earning tPIL (PIL Trust).
Why Reputation-Based Governance?β
Problem with simple token voting:
Whale with 1M tokens: