A shared direction.
A defined boundary.
SEC token holders are intended to govern the basket through proposals, votes and a timelock. The index contract limits what an executed proposal can change.
From a proposal.
To a shared decision.
SEC holders propose and vote. Successful proposals pass through a timelock before any change reaches the vault.
Put a change on the table.
An eligible SEC holder submits a proposal. The configured proposal threshold is 1 million delegated SEC, followed by a two-hour voting delay.
Change the mix.
Keep the limits.
Proposals may retarget weights, add an eligible holding, or remove an empty holding. They cannot rewrite fees or directly withdraw vault assets.
One proposed supply.
Three destinations.
One billion tokens, minted once. No team allocation in the proposed distribution. Governance remains subject to deployment and verification.
Permanent position lock design
Controlled by governance
12 monthly releases to treasury
Stake SEC.
Lower entry and exit fees.
Management and performance fees are not discounted. The proposed unstaking delay is seven days. A 30-day basket cooldown is not a guaranteed 30-day notice before the first change.