From Community Proposals to the Governance Power of Holder $C

The governance system of #chainbase grants substantial decision-making power to C token holders, directly influencing protocol development through an on-chain voting mechanism. Recent community proposals indicate that the governance power of C holders is primarily reflected in three areas:

1. Decision-making power for core protocol upgrades

Holders can vote on proposals to determine the direction of technical iterations, such as adjustments to data monetization rules after the mainnet launch, updates to the Manuscript protocol standards, etc. In the CP-12 proposal passed in 2024, the community approved the upgrade to integrate EigenLayer AVS into the execution layer with a 72% support rate, significantly enhancing network security.

2. Governance rights for ecosystem fund allocation

The Chainbase Foundation reserves 10% of tokens for community incentives, and C holders can vote to decide the use of these funds. For example, the CP-19 proposal passed in Q2 2025 approved the allocation of 15 million C tokens for the developer Grants program, accelerating the development of AI data tools.

3. Participation rights in economic model adjustments

Key parameters such as inflation rate and transaction fee burn ratio are determined by community governance. The CP-7 proposal increased the burn ratio of query fees from 3% to 5%, strengthening the deflationary nature of $C.

Governance trend: With the popularization of the dual staking mechanism (C+ETH), the interests of holders are more deeply tied to network security, and governance participation continues to increase. In the future, the expansion of the DataFi ecosystem may further broaden C's governance scenarios. @Chainbase Official