Governance

The governance of pNetwork aims to be as decentralised as possible, in line with the new shape of the protocol and its 2023 roadmap.

The decentralised governance of the project is achieved in tandem by the pNetwork DAO, the governance token $PNT and its nodes.

In 2023, the pNetwork DAO is going to evolve becoming more decentralized and accessible than ever!

pNetwork DAO

The pNetwork DAO is at the core of pNetwork’s decentralized governance, where DAO members can propose and vote Improvement Proposals to drive and shape the future of pNetwork.

It’s also the home of pNetwork nodes, where operators can register their nodes, manage them and claim their protocol rewards (denominated in different currencies, including pBTC).

The pNetwork Token $PNT serves as the governance token for the pNetwork DAO and the staking currency for pNetwork nodes.

The new DAO is coming

pNetwork has released its new DAO in open beta, with many new features and improvements to make it more decentralised and community driven.

Thanks to the pNetwork DAO v2, DAO members will be able to:

stake, vote & open votes easily via the new revamped DAO dApp

lend $daoPNT tokens and vote, so to earn organic protocol fees

borrow $daoPNT, run a pNetwork node and be rewarded for their work

Staking & voting

To become a DAO member and participate to the governance, holders are required to stake their $PNT tokens in the pNetwork DAO.

DAO members have the right to vote on pNetwork Improvement Proposals (PIPs), helping to steer the pNetwork protocol towards a thriving, community-driven future.

DAO members with at least 200,000 daoPNT have the right to open PIPs independently.

Lend your daoPNT now and start earning protocol rewards!

Lending mechanism

The pNetwork DAO v2 features a built-in $daoPNT lending and borrowing mechanism, making the DAO and pNetwork nodes accessible to a much wider audience.

pNetwork DAO members who actively vote, can also lend their $daoPNT in exchange for a share of the organic fees generated by the protocol.

Perspective borrowers can borrow $PNT by paying a fee to the lending pool, with the goal of running a node and gaining organic protocol rewards, without any exposure to the $PNT price.

Discover more about the lending & borrowing mechanism in our Wiki.

Become a Sentinel

In the v3, Sentinels are pNetwork nodes that contribute to securing the pNetwork protocol by submitting fraud proofs.

Join the Sentinels’ army and get organic rewards in different currencies from the cross-chain activity!

Discover more about Sentinels and how to set a node in the Wiki.

$PNT

The $PNT token is a native ERC-20 token on the Ethereum network and it is made available on Polygon, BSC, Arbitrum, Telos, EOS and Gnosis Chain via the pNetwork protocol itself. Token holders can use the token on each network in different ways, including: