Governance
Decision-making mechanism in a decentralised protocol: governance-token holders vote on parameter changes, upgrades, and treasury spending. On TON, governance is still mostly off-chain Snapshot-style.
Aliases: governance, onchain governance, dao voting
Governance is the process of making collective decisions about a protocol: upgrades, parameter changes, treasury spending. It is implemented through votes by governance-token holders or community members.
Models
- Token-weighted voting — 1 token = 1 vote. Simple, but biased toward whales.
- Quadratic voting — the cost of additional votes grows quadratically. Reduces whale dominance.
- SBT-gated — only holders of a non-transferable badge can vote.
- Off-chain (Snapshot) — voting happens off-chain (by signature); execution is multisig.
Governance on TON as of 2026
- TON Foundation itself is not a decentralised DAO — it’s a legal entity.
- Major protocols (STON.fi) launched governance tokens and run off-chain votes.
- No mature on-chain DAO framework comparable to Aragon exists on TON yet.
Further reading
DAOs on TON: voting and frameworks — detailed breakdown.