Governance Model

Governance as a way to improve

Altitude understands the need for continuous input from it's users. For this reason, the choice was made to implement a governance protocol at launch to start gauging community sentiment, gather proposals from the community and rewarding those that participate.

Because the Liquidity Providers are recognized as some of the key users of Altitude, they are able to farm ALTD with their LP tokens, which they can then stake in the ALTD pools for gALTD. This provides them with a way to increase their gALTD holdings, adding more weight to their votes, but also incentivizes them to keep providing liquidity on the chain of choice by receiving redistributed fees through the ALTD staking pools.

Voting Power

All users that wish to partake in the Governance Protocol and receive their part of redistributed collected protocol fees are required to deposit their ALTD tokens in the Governance Pool. They will receive gALTD to represent their pool participation and voting weight.

Altitude Governance

Proposals in the Altitude Governance will be used to aid in determining the future of the protocol. Some examples of governance measures include:

• Community sentiment on market conditions and mitigating activities

• Introduction of new asset pools

• Determine voting weights

• Gauge opinion on protocol improvements

• Proposals for changing distribution weights on single asset pools

For now, the Altitude team reserves the right to take action for the benefit of the project. It is however, the vision to implement a Full DAO Governance as soon as Altitude achieves market proven stability and longevity to ensure the community will benefit from a fully decentralized omnichain bridging protocol.