Lava Network is now live in GovScan 

We’re excited to announce that Lava Network governance proposals are now trackable and can be voted on using Govscan! 

Stakeholders can get notifications, vote, and follow Lava’s governance journey on GovScan, Bware Labs’ intuitive and comprehensive governance tracking platform designed to keep blockchain governance participants informed and engaged. 

Governance is a cornerstone of the Lava Network’s decentralized ethos, empowering the community to collaboratively shape the future of the protocol. By giving every stakeholder a voice, governance ensures the network evolves in alignment with its users’ needs and priorities.

Lava Network Governance Model

Lava Network operates with an onchain governance system, which ensures every aspect of a proposal and voting process is fully transparent and tamper-proof. All governance activities—from proposing changes to casting votes—are recorded directly on the blockchain. This method provides a verifiable and immutable record, ensuring trust and accountability within the community.

With this governance model, the community collectively makes decisions on matters like network upgrades, parameter adjustments, and protocol specifications. Every vote counts, and every decision shapes the network’s trajectory.

The governance process is structured to ensure inclusivity and efficiency, with the following steps:

1. Proposal Drafting: Community members can identify areas for improvement or necessary changes and draft a detailed proposal.
2. (Optional) Proposal Discussion: Before moving onchain, members can share their drafts on the Lava Community Forum for feedback and refinement. For instance, check out the discussion around extending the vesting schedule for locked stakeholders.
3. Deposit Period: Proposals require a minimum deposit of LAVA tokens to move forward. This deposit prevents spam and demonstrates the proposer’s commitment.
4. Voting Period: All LAVA stakers, including delegators, can cast their votes on active proposals using options such as Yes, No, No with Veto, or Abstain.
5. Tallying and Execution: After the voting period, results are tallied based on thresholds like quorum and veto percentages. If approved, proposals are implemented directly on-chain.

To illustrate the power of Lava Network governance in action, here’s more info regarding their latest proposal. This transparent and decentralized process exemplifies how governance empowers the Lava community to shape the protocol collaboratively.

Using GovScan to Track and Vote on Lava Governance Proposals

By using GovScan, participants can follow every stage of the governance lifecycle in real-time, vote on proposals, and always stay up-to-date with the latest developments. From reviewing new proposals, monitoring voting results and voting, GovScan is now the go-to platform for staying informed and engaged in the Lava governance ecosystem. 

To vote on proposals, you only need to sign up and connect your wallet. Once connected, you will be presented with the total voting power owned, as well as the ability to vote on current active proposals and explore your voting history directly through the Govscan interface. With this feature, GovScan aims to simplify the monitoring and voting process exponentially.

Make your setup in just a few clicks!

1. Click on Lava Network and subscribe to Notifications: 

2. Click on Proposal Explorer to check out the details, and see the turnout and the votes: 

3. Check out the history of the proposals and which ones are active: 

4. Connect your wallet to see your voting power and cast your vote: 

The latest governance proposal on Lava and the discussion around it can be found here. 

Explore the Lava Network governance proposals and cast your vote on GovScan! 

GovScan is still in its early stages, so for more information on the product check out the comprehensive documentation available here and stay tuned for future iterations.

Moreover, we value user feedback and are constantly working to cover as many community needs as possible. If you have ideas for improvements, or suggestions for new integrations,  please share them with us at [email protected].