$PROVE Holders Must Read: How to Participate in SuccinctLabs' DAO Governance?

As a PROVE token holder, participating in SuccinctLabs' DAO governance not only allows you to influence the project's development direction but also enables you to earn additional rewards through staking and voting. Here are the core participation methods:

1. Staking Tokens for Voting Rights

PROVE adopts a staking-weighted voting mechanism, where holders need to lock their tokens in a smart contract to gain governance rights. The larger the staking amount, the higher the voting weight, and you can also share in network validation rewards (approximately 20% annualized). Malicious behavior (such as false proofs) will trigger a penalty mechanism to ensure governance security.

2. Proposal and Voting Process

• Proposal Submission: Any member who stakes PROVE can submit improvement proposals (such as technical upgrades or fund allocations), which need to be initially filtered through community discussion and off-chain voting (e.g., Snapshot).

• On-Chain Voting: Formal voting is conducted through the governance contract of #SuccinctLabs , using the options of "For/Against/Abstain". Key proposals must reach a quorum (e.g., 30% of total staked amount) to be executed.

3. Delegated Voting and Professional Governance

If time is limited, PROVE holders can delegate their voting rights to trusted governance representatives (such as core developers or community leaders). The delegation must be bound through a smart contract and can be revoked at any time.

4. Incentives and Penalty Mechanism

• Rewards: High-quality proposal initiators can receive $PROVE rewards, partially sourced from the protocol's treasury.

• Penalties: Malicious proposals or voting fraud will result in the deduction of staked tokens and will be recorded in the on-chain reputation system.

Through the above methods, $PROVE holders can deeply engage in ecosystem building, promoting SuccinctLabs to become a governance benchmark in the ZK track. @Succinct