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VFI

VFI is the native token of VibeFi. In simple terms, it is the token people use to participate in protocol governance.

What VFI is for​

  • VFI holders can vote on protocol decisions.
  • VFI voting power is used to approve or reject governance proposals.
  • VFI is also used to determine who can submit proposals, not just who can vote.

How participation works (high level)​

  • To vote, holders must delegate voting power.
  • To propose, a wallet must meet the protocol's minimum delegated voting-power requirement.
  • Governance settings define quorum, vote timing, and proposal execution flow.

Current deployment status​

VFI is currently deployed on Sepolia testnet, with mainnet deployment intended later.

Current onchain mechanics (technical)​

  • The contracts use ERC20Votes semantics for checkpointed voting power.
  • Delegation is required for voting power to be active.
  • Proposer eligibility is enforced by VfiGovernor through IProposalRequirements.
  • The default requirement module is MinimumDelegationRequirement with minBps = 100 (1% of total supply).
  • Eligibility is evaluated from governance snapshot voting power, not raw wallet balance.
  • Governance, timelock, and registry interactions are implemented in Contracts.

Potential future mechanics (not implemented today)​

  • Proposal bond/stake lock for submission.
  • Proposal slashing outcomes.
  • Proposed protocol/frontend fee mechanisms (for example per-transaction frontend fees and subscription-based fee bypass), as outlined in DAO.

These mechanisms are potential future governance designs and remain under active development.

Scope​

This page is a protocol-level summary. Emissions, treasury policy, fee mechanics, and long-term economic policy can be documented here as those designs are finalized.