Documentation Portal
Project Home
  • Core Documentation
    • Overview
    • Whitepaper
      • Abstract
      • I. Introduction
      • II. Protocol
        • II.I Operation
          • II.I.I Generation of M
          • II.I.II Protocol Fees
          • II.I.III Cancel and Freeze
          • II.I.IV Retrieving Free Collateral
          • II.I.V The Earn Mechanism
          • II.I.VI Removing a Permissioned Actor
          • II.I.VII Example Interactions and Flows
        • II.II Governance Controlled Protocol Actors
        • II.III Governance Controlled Protocol Parameters
      • III. Governance
        • III.I Inputs
        • III.II Operation
          • III.II.I Epochs
          • III.II.II Proposals
            • III.II.II.I Standard Proposals
            • III.II.II.II POWER Threshold Proposals
            • III.II.II.III ZERO Threshold Proposals
            • III.II.II.IV Proposal Matrix
          • III.II.III Checkpoints and Voting
          • III.II.IV Proposing
          • III.II.V Inflation Mechanics
          • III.II.VI Dutch Auction
          • III.II.VII Delegation
          • III.II.VIII ZERO Claiming of Residual Value
        • III.III Governance Controlled TTG Parameters
        • III.IV Immutable TTG Parameters
        • III.V Immutable POWER Parameters
        • III.VI Immutable ZERO Parameters
      • IV. The M0 Economy
        • IV.I Minters
        • IV.II Validators
        • IV.III Earners
      • V. Off-Chain Ecosystem
        • V.I Guidance
        • V.II Off-Chain Actors and Components
    • Adopted Guidance
      • Adopted Guidance v1.30
        • 1. Description of the Adopted Guidance
          • 1.1. Purpose of the Adopted Guidance
          • 1.2. Change Process for the Adopted Guidance
        • 2. Ecosystem Description
          • 2.1. Actors
          • 2.2. Mandatory Contracts
          • 2.3. Duty of Transparency
          • 2.4. Core Operational Flows
            • 2.4.1. Update Collateral Process
            • 2.4.2. Minting M
            • 2.4.3. Retrieval of Collateral
          • 2.5. High-Risk Jurisdictions
        • 3. Eligible Collateral
          • 3.1. Criteria for Eligible Collateral
          • 3.2. Valuation Policy for Eligible Collateral
          • 3.3. Collateral Storage
          • 3.4. Approved Jurisdictions
            • 3.4.1. Bankruptcy Remoteness
            • 3.4.2. Non-Petition and Non-Seizure Provisions
            • 3.4.3. Priority of Payments and Subordination
            • 3.4.4. Regulatory Compliance
            • 3.4.5. Legal and Regulatory Framework
            • 3.4.6. Political Stability
            • 3.4.7. Dispute Resolution
            • 3.4.8. Asset Segregation
            • 3.4.9. Limited Recourse
            • 3.4.10. Investor Protection
            • 3.4.11. Operational Infrastructure
            • 3.4.12. Custody Relationship
            • 3.4.13. Audit
        • 4. SPV Operators
          • 4.1. Contact Information of Currently Approved SPV Operators
          • 4.2. Eligibility Criteria for Approved SPV Operators
          • 4.3. Obligations of SPV Operators
            • 4.3.1. Obligations in the Normal Course of Business
            • 4.3.2. Obligations Outside of the Normal Course of Business
              • 4.3.2.1. Amicable Wind Down Process
              • 4.3.2.2. Non-Amicable Wind Down Process
              • 4.3.2.3. Minter Insolvency
              • 4.3.2.4. Unauthorized Termination of Minter – SPV Operator Agreement
            • 4.3.3. Operational Obligations of SPV Operators
              • 4.3.3.1. Co-signature of the SPV for significant payments
              • 4.3.3.2. Cooperation with Validators
              • 4.3.3.3. Maintenance of Administrative Buffer
              • 4.3.3.4. No Wire Back Instructions
          • 4.4. Guidelines for Submission of Approval Requests
        • 5. Validators
          • 5.1. Contact Information of Currently Permissioned Validators
          • 5.2. Eligibility Criteria for Permissioned Validators
          • 5.3. Obligations of Validators
          • 5.4. Guidelines for Submission of Permissioning Requests
        • 6. BD Minters and Minters
          • 6.1. Contact Information of Currently Permissioned Minters
          • 6.2. Eligibility Criteria for Permissioned Minters
          • 6.3. Obligations of Minters
          • 6.4. BD Minter and Minter Compliance Requirements
          • 6.5. Guidelines for Submission of Permissioning Requests
        • Adopted Guidance PDF Version
      • Adopted Guidance v1.20 (deprecated)
        • Adopted Guidance PDF Version
    • Glossary
    • Disclosures
    • Whitepaper PDF Version
  • Technical Documentation
    • Protocol Technical Specification
      • Main Invariants
      • Variables
        • Protocol Variables Controlled by TTG
        • Protocol Variables And Definitions
        • Protocol Variables Used For Interest Accruals
      • Protocol And M Token Actors And Actions
        • Protocol Core Functions
          • Minter Gateway
            • updateCollateral
            • proposeMint
            • mintM
            • cancelMint
            • freezeMinter
            • burnM
            • proposeRetrieval
            • activateMinter
            • deactivateMinter
          • M Token
            • startEarning
            • stopEarning
            • transfer
          • Interest Calculations And Indices
            • MinterGateway.updateIndex
            • MinterGateway.currentIndex
            • MToken.updateIndex
            • MToken.currentIndex
            • activeOwedM
          • Interest Rate Models
            • Stable Earner Interest Rate Model Contract
            • Minter Interest Rate Model Contract
    • TTG Technical Specification
      • Main Invariants
      • Core Architecture
        • 1. Registrar
          • Registrar Variables and Getters
          • Registrar Core Functions
        • 2. TTG Governors
          • Matrix Of TTG Proposals
          • 2.1 Standard Governor
            • Variables And Getters
            • Governor Proposal State Transitions
            • Core Functions
            • Core Governance Proposals
          • 2.2 Emergency Governor
            • Emergency Governor Variables And Getters
            • Governor Proposal State Transitions
            • Core functions
              • propose(targets[], values[], callDatas[], description): proposalId
              • castVote(proposalId, support): weight
              • castVotes(proposalIds[], supports): weight
              • execute(targets[], values[], callDatas[], description): proposalId
              • setThresholdRatio(newThresholdRatio)
              • getProposal(proposalId)
              • state(proposalId)
            • Core Governance Proposals
          • 2.3 ZERO Governor
            • Variables And Getters
            • Core Functions
            • Core Governance Proposals
        • 3. POWER Token
          • Variables And Getters
          • POWER Token Core Functions
        • 4. ZERO Token
          • ZERO Token Core Functions
        • 5. Distribution Vault
          • Variables And Getters
          • Core Functions
    • Source Code Reference
      • Protocol
        • Protocol Contracts
          • Core Protocol Contracts
            • MToken
            • MinterGateway
          • Abstract Protocol Contracts
            • ContinuousIndexing
          • Protocol Interfaces
            • IContinuousIndexing
            • IMToken
            • IMinterGateway
            • IRateModel
            • ITTGRegistrar
          • Libs
            • ContinuousIndexingMath
            • TTGRegistrarReader
          • Rate Models
            • Contracts
              • EarnerRateModel
              • MinterRateModel
            • Interfaces
              • IEarnerRateModel
              • IMinterRateModel
      • TTG
        • TTG Contracts
          • Core TTG Contracts
            • DistributionVault
            • Registrar
            • Governors
              • EmergencyGovernor
              • StandardGovernor
              • ZeroGovernor
            • Tokens
              • PowerBootstrapToken
              • PowerToken
              • ZeroToken
          • Abstract TTG Contracts
            • ERC5805
            • Governors
              • BatchGovernor
              • ThresholdGovernor
            • Tokens
              • EpochBasedInflationaryVoteToken
              • EpochBasedVoteToken
            • Interfaces
              • IBatchGovernor
              • IERC5805
              • IERC6372
              • IEpochBasedInflationaryVoteToken
              • IEpochBasedVoteToken
              • IGovernor
              • IThresholdGovernor
          • Deployers
            • EmergencyGovernorDeployer
            • PowerTokenDeployer
            • StandardGovernorDeployer
          • TTG Interfaces
            • IDistributionVault
            • IRegistrar
            • Deployers
              • IDeployer
              • IEmergencyGovernorDeployer
              • IPowerTokenDeployer
              • IStandardGovernorDeployer
            • Governors
              • IEmergencyGovernor
              • IStandardGovernor
              • IZeroGovernor
            • Tokens
              • IPowerBootstrapToken
              • IPowerToken
              • IZeroToken
          • Libs
            • PureEpochs
      • Common
        • Contracts
          • Main
            • ContractHelper
            • ERC20Extended
            • ERC3009
            • ERC712Extended
            • StatefulERC712
          • Interfaces
            • IERC1271
            • IERC20
            • IERC20Extended
            • IERC3009
            • IERC712
            • IERC712Extended
            • IStatefulERC712
          • Libs
            • SignatureChecker
            • UIntMath
    • 🏁Audits
    • 🔛Deployments
Powered by GitBook

M0 Project

  • Home
  • Research

Legal

  • Terms & Conditions
  • Privacy Policy

Copyright 2025 M0 Foundation

On this page
  1. Core Documentation
  2. Whitepaper
  3. III. Governance

III.IV Immutable TTG Parameters

List of immutable TTG parameters.

Epoch Duration

The combined length of the Voting Epoch and the Transfer Epoch. Set to 30 days.

Logic: This amount of time should be short enough to permit for timely management of the protocol, but long enough for all POWER holders to both socialize and physically vote on Standard Proposals.

Voting Epoch Duration

The length of the Voting Epoch. Set to 15 days.

Logic: This amount of time should be long enough to permit POWER holders to physically exercise their vote.

Transfer Epoch Duration

The length of the Transfer Epoch. Set to 15 days.

Logic: This amount of time should be long enough to contain the Dutch auction and for any POWER holders that may wish to perform transfers or re-delegations to do so.

Auction Duration

The length of the Dutch auction for unclaimed POWER inflation. Set to 15 days and overlaps perfectly with the Transfer Epoch.

Logic: This amount of time should be long enough to cross all conceivable prices while still promoting efficient price discovery. Note that this length matches the Transfer Epoch, so that tokens acquired in the Transfer Epoch will be included in the checkpoint for the following Voting Epoch.

Dutch Auction Exponent

The exponent with a base of 2 that determines the starting auction price. Set to 99.

Logic: This number should produce a sufficiently high starting price per POWER token such that the market price of POWER in Cash is never above this price. It should not be so high as to cause the auction to exceed the Transfer Epoch before reaching 0 given the Dutch Auction Period Time setting.

Dutch Auction Periods

The number of equal periods that must fit into the Transfer Epoch. Set to 100.

Logic: This number of periods defines how often the Dutch auction will decrease the Dutch Auction Exponent. At the current setting the Dutch auction will decrement the Dutch Auction Exponent approximately every 3.6 hours.

PreviousIII.III Governance Controlled TTG ParametersNextIII.V Immutable POWER Parameters

Last updated 11 months ago