Governance Model
VeilCore OS is designed to evolve into a fully decentralized protocol owned by its users. The governance model ensures that no single entity controls the direction of the "Invisible Economy."
The Veil DAO
The Veil Decentralized Autonomous Organization (DAO) is the supreme governing body of the protocol. It controls the treasury, protocol parameters, and future upgrades.
Governance Token ($VEIL)
The $VEIL token serves as the instrument of governance. To participate in voting, holders must stake their tokens to receive voting power (vVEIL). This alignment ensures that voters are committed to the long-term health of the ecosystem.
Proposal Lifecycle
Any community member with sufficient voting power can propose changes to the network. The process follows these steps:
RFC (Request for Comment): A discussion phase on the governance forum to gauge community sentiment.
OIP (OS Improvement Proposal): A formal technical proposal submitted to the chain.
Voting Period: A 5-day window where vVEIL holders vote "For" or "Against" the proposal.
Timelock: If passed, the code change sits in a 48-hour timelock before execution to allow users to exit if they disagree with the update.
Council Multisig
For emergency actions (such as pausing the protocol during a critical bug discovery), a Security Council elected by the DAO holds a multisig key. This council cannot upgrade contracts but can act as a circuit breaker to protect user funds.
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