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---
title: Fees
sidebar_position: 4
sidebar_position: 0
description: "Learn about fees in StakeWise protocol"
---

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A Vault fee is a percentage fee charged by Vault operators on staking rewards.
This fee varies by Vault operator and can range **from 0% to 100%**.

The fee is automatically deducted from staking rewards when the Vault state is updated and is transferred to the Vaults designated fee recipient (typically the Vault operator).
The fee is automatically deducted from staking rewards when the Vault state is updated and is transferred to the Vault's designated fee recipient (typically the Vault operator).

The fee is a **dynamic parameter** set during the Vault creation process.
Importantly, fees can only be increased by **20% at a time** (e.g., from 5% to 6%) with **a 3-day delay** between updates.
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34 changes: 34 additions & 0 deletions docs/docs/governance/dao-treasury.mdx
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---
title: DAO Treasury
sidebar_position: 2
---

# DAO Treasury

<p style={{fontSize: '1.2em', color: '#6c757d', marginTop: '-10px', marginBottom: '20px'}}>Learn more about the Treasury</p>

The DAO Treasury is a [Gnosis Safe ↗](https://safe.global/) with a committee of 7 persons and a [SafeSnap Module ↗](https://docs.snapshot.box/v1-interface/plugins/safesnap-reality) that allows the submission of transactions on behalf of the governance token holders.

**Treasury Addresses:**
- **Ethereum:** [0x144a98cb1CdBb23610501fE6108858D9B7D24934 ↗](https://etherscan.io/address/0x144a98cb1CdBb23610501fE6108858D9B7D24934)
- **Gnosis:** [0x8737f638E9af54e89ed9E1234dbC68B115CD169e ↗](https://gnosisscan.io/address/0x8737f638E9af54e89ed9E1234dbC68B115CD169e)

The goal of the DAO committee is to monitor and reject the transactions that are not supposed to be executed on behalf of the DAO Treasury, since such malicious transactions can be submitted by an arbitrary account. In order to reject the transaction, a threshold of 4 out of 7 committee members must sign the rejection.

As the \$SWISE tokens become more distributed with time, the community will be able to fulfill the committee responsibilities by placing \$SWISE bonds on whether the transaction should be executed or not. As a result, the committee could be dissolved in the future.

## Current Committee Members (Multisig)

- **[Ali Nuraldin ↗](https://x.com/Ali_run)** (0x7E36F1fF26cffD6906c11Cd7Eca5f6E993Ba6CE3)
- **[Andreas Dittrich ↗](https://www.linkedin.com/in/andreas-dittrich-eu/?originalSubdomain=de)** (0xc0c9707B552C6970f66Ab91D563Bf9b6048E9da6)
- **[Auryn Macmillan ↗](https://x.com/auryn_macmillan)** (0x9Aa6Db877742aD8D8c7fE209F561fbd2bE19D5F4)
- **[Dmitri Tsumak ↗](https://x.com/tsudmi)** (0x61B01a33Aea3e827B3941Ab097778bd3FA48a332)
- **[Gleb Dudka ↗](https://x.com/gleb0x)** (0xC46e791d4fB1207fAB8Cb0e44889127138539c69)
- **[Mikko Ohtamaa ↗](https://x.com/moo9000)** (0x9cC9c3de8e710781983a65b90B7efEaaD2D3D7D8)
- **[Otto de Voogd ↗](https://x.com/ottodv)** (0x1C86117156Ba31b5d62f02eB56bE9aC5a06610d3)

## Former Committee Members (rotated after the DAO vote)

- **[Anthony Sassano ↗](https://x.com/sassal0x)** (0x648aA14e4424e0825A5cE739C8C68610e143FB79)
- **[Jascha Samadi ↗](https://x.com/jaschasamadi)** (0x152E9Af50257Fc12a84Bb47241cc0bd01ECD2ac1)
- **[Miko Matsumura ↗](https://x.com/mikojava)** (0xA2E49855d672C3258A8442FA15F9Bc28f5A55980)
30 changes: 30 additions & 0 deletions docs/docs/governance/intro.mdx
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---
title: Governance
sidebar_position: 0
---

# Governance

StakeWise is governed by its community through the **SWISE** token. The governance system empowers token holders to shape the protocol's future by voting on key parameters and proposals.

## How Governance Works

The StakeWise DAO is responsible for making critical decisions about the protocol, including:

- Setting fees and commissions
- Managing oracles and node operators
- Approving protocol upgrades and new features
- Controlling the DAO Treasury

Governance decisions are implemented through **StakeWise Improvement Proposals (SWIPs)**, which are discussed and voted on by SWISE token holders.

:::custom-stakewise[Participate in Governance]
Join the conversation and vote on proposals at [StakeWise Forum ↗](https://forum.stakewise.io/) and [StakeWise Snapshot ↗](https://vote.stakewise.io/#/)
:::

## Governance Structure

The governance system consists of two main components:

- **[StakeWise DAO →](./stakewise-dao)**: The community-driven governance mechanism powered by the SWISE token
- **[DAO Treasury →](./dao-treasury)**: A multi-signature wallet managed by a committee that executes approved governance decisions
50 changes: 50 additions & 0 deletions docs/docs/governance/stakewise-dao.mdx
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---
title: StakeWise DAO
sidebar_position: 1
---

# StakeWise DAO

<p style={{fontSize: '1.2em', color: '#6c757d', marginTop: '-10px', marginBottom: '20px'}}>Learn the basics of StakeWise DAO governance</p>

## Community-first approach

The sole purpose of StakeWise's existence is to make staking as seamless and profitable as possible.

Community feedback and adoption matter a lot for achieving this goal, and therefore StakeWise aims to create a cohesive community of stakers by putting the governance of the protocol in their hands.

## Role of the DAO

The DAO's job will be to govern the important system parameters like:

- fees paid by stakers,
- commissions paid to node operators,
- onboarding and offboarding of oracles and node operators,
- principles of liquidity mining campaigns,
- whitelisting of gauge contracts,
- Insurance Fund payout triggers,
- approval of contract changes for the introduction of new features, and more.

When choosing these parameters, the community will need to optimize for both its immediate interests as stakers and the long-term success of the protocol through a correct choice of parameters.

## Tokenomics

:::custom-info[$SWISE Token Contract]
`0x48C3399719B582dD63eB5AADf12A40B4C3f52FA2`
:::

![Token Allocation & Emission Chart](/img/tokenomics.png)
<p style={{textAlign: 'center', fontSize: '0.9em', color: '#6c757d', marginTop: '5px'}}>Token allocation and emission</p>

Alignment of interests of the platform and its participants shall happen through an allocation of 51% of the governance token supply to the community and the existence of basic mechanisms that allow gaining voting power by simply staking with StakeWise. Other token holders will be investors and the development team behind StakeWise.

**Total supply:** 1,000,000,000 $SWISE

**Vesting & allocation:**

- **Community:** 510,000,000 $SWISE, 4-year vesting
- **Investors:** 251,500,000 $SWISE, 6-month cliff + 18-month linear vesting
- **Team:** 217,000,000 $SWISE, 6-month cliff + 42-month linear vesting
- **Future fundraise:** 21,500,000 $SWISE, available immediately

The starting date for the emission is April 1st, 2021.
177 changes: 0 additions & 177 deletions docs/docs/guides/01-running-a-vault.mdx

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