Robust Governance

Who decides what changes, and how? Protocol control rests exclusively with long-term aligned $sNOON stakers through transparent, binding governance.

Protect

Nothing critical within the Noon Protocol changes silently or behind closed doors. Governance is designed to ensure that control over protocol parameters, risk thresholds, and capital deployments sits firmly with committed, long-term participants rather than short-term speculators or centralized insiders.

Voting power is reserved exclusively for $sNOON stakers, with influence mathematically weighted by commitment length up to 4 years (48 months).

1. Voting Authority: Power to $sNOON Stakers

Governance rights in Noon are not granted to liquid, unstaked tokens. To align decision-making with the multi-year health of the protocol, governance voting power belongs exclusively to $sNOON stakers.

The 48-Month Commitment Curve

Voting weight is scaled exponentially based on the selected staking lockup duration:

• Long-Term Alignment: A user staking $sNOON for 4 years (48 months) receives 100% maximum voting power.

• Proportional Influence: Shorter staking lockups unlock a smaller fraction of voting weight per token. A 4-year staker holds nearly six times the voting influence of a 12-month staker holding the same number of tokens.

• Mercenary Protection: Liquid $NOON holders and short-term traders have zero voting power, preventing hostile governance takeovers or short-term yield farming exploits.

2. Governance Scope: What Is Voted On?

To balance operational efficiency with community control, governance votes are focused exclusively on high-impact structural decisions:

• New Yield Strategy Approvals: Voting to approve, reject, or mandate the unwinding of capital deployment strategies (e.g., T-Bills, JAAA CLOs, Delta-Neutral Perps, Private Credit).

• Counterparty & Venue Selection: Approving new off-chain custodians, institutional brokers, and execution venues.

3. The 4-Stage Proposal Lifecycle

Every structural change follows a mandatory 4-stage public pipeline:

1. Independent Risk & Tech Analysis: Before any proposal reaches the community, protocol engineers and risk analysts produce a comprehensive risk assessment detailing smart contract safety, counterparty exposure, liquidity profiles, and stress-test results.

2. Public Forum Discussion (7-Day Minimum): The proposal and its accompanying risk assessment are published to kick off a mandatory public discussion on the governance forum. Community members, risk managers, and core contributors debate parameters, request clarifications, and refine mechanics.

Noon Governance ForumNoon Governance Forum

1. Binding

$sNOON Vote (7-Day Minimum): Proposals move to an open, binding vote on Snapshot. Voting power is calculated dynamically based on each voter's $sNOON balance and position along the 48-month commitment curve.

Snapshotsnapshot.box

1. Timelocked Multisig Execution: Passed proposals are queued on-chain for execution by the Multisig.

   1. 48-Hour Public Timelock: Non-emergency upgrades are subjected to a mandatory 48-hour delay. This allows stakers and integrators to inspect queued changes on-chain—and exit positions if they object—before execution.

   2. Emergency Rollback Guardrail: Authorized security roles retain an emergency capability to cancel a malicious or flawed pending upgrade during the 48-hour window. Emergency interventions cannot transfer or redirect funds; they serve strictly to halt unauthorized changes before execution.