Strike Docs
  • 📖Strike Documentation
  • ⭐Getting Started
    • 🧑‍🏫Guides
    • 🔬Networks
    • 📒Protocol Math
      • sToken and Underlying Decimals
      • Interpreting Exchange Rates
      • Calculating Accrued Interest
      • Calculating the APY Using Rate Per Block
    • 💹Gas Costs
  • 🎙️STokens
    • Mint
    • Redeem
    • Redeem Underlying
    • Borrow
    • Repay Borrow
    • Repay Borrow Behalf
    • Transfer
    • Liquidate Borrow
    • Key Events
    • Error Codes
    • Failure Info
    • Exchange Rate
    • Get Cash
    • Total Borrow
    • Borrow Balance
    • Borrow Rate
    • Total Supply
    • Underlying Balance
    • Supply Rate
    • Total Reserves
    • Reserve Factor
  • ⚙️Comptroller
    • Enter Markets
    • Exit Market
    • Get Assets In
    • Collateral Factor
    • Get Account Liquidity
    • Close Factor
    • Liquidation Incentive
    • Key Events
    • Error Codes
    • Failure Info
    • STRK Distribution Speeds
    • Claim STRK
    • Market Metadata
  • 👨‍👩‍👦Governance
    • Delegate
    • Delegate By Signature
    • Get Current Votes
    • Get Prior Votes
    • Key Events
    • Governor Alpha
    • Quorum Votes
    • Proposal Threshold
    • Proposal Max Operations
    • Voting Delay
    • Voting Period
    • Propose
    • Queue
    • Execute
    • Cancel
    • Get Actions
    • Get Receipt
    • State
    • Cast Vote
    • Cast Vote By Signature
    • Timelock
    • Pause Guardian
  • 🔡API
    • STokenService
      • GET: /stoken
    • MarketHistoryService
      • GET: /market_history/graph
    • ProposalService
      • GET: /proposals
      • GET: /proposals/:id
      • GET: /proposals/statistics
    • VoterService
      • GET: /voters/accounts
      • GET: /voters/accounts/:address
      • GET: /voters/history/:address
      • GET: /voters/:proposalId
    • GovernanceService
      • GET: /governance/strike
      • GET: /governance/proposals
      • GET: /governance/proposal_vote_receipts
      • GET: /governance/accounts
    • UserHistoryService
      • GET: /user/history
    • LiquidationService
      • GET: /get_liquidators
      • GET: /get_liquidator:account
      • GET: /get_liquidator_detail:account
      • GET: /liquidator
    • Shared Data Types
  • ⌛Strike.js
    • Strike Constructor
    • API Methods
      • Account
      • sToken
      • Market History
      • Governance
    • sToken Methods
      • Supply
      • Redeem
      • Borrow
      • Repay Borrow
    • STRK Methods
      • To Checksum Address
      • Get Strk Balance
      • Get Strk Accrued
      • Claim Strk
      • Delegate
      • Delegate By Sig
      • Create Delegate Signature
    • Comptroller Methods
      • Enter Markets
      • Exit Market
    • Ethereum Methods
      • Read
      • Trx
      • Get Balance
    • Governance Methods
      • Cast Vote
      • Cast Vote By Sig
      • Create Vote Signature
    • Price Feed Methods
      • Get Price
    • Utility Methods
      • Get Address
      • Get ABI
      • Get Network Name With Chain ID
  • 🤑DeFi 3.0 Vault
  • 🍍Revenue Share Staking
  • 🔒Security
    • Formal Verification
    • Bug Bounty Program
    • Immunefi
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Governance

PreviousMarket MetadataNextDelegate

Last updated 2 years ago

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The Strike protocol is governed and upgraded by STRK token-holders, using three distinct components; the STRK token, governance module (Governor Alpha), and Timelock. Together, these contracts allow the community to propose, vote, and implement changes through the administrative functions of a sToken or the Comptroller. Proposals can include changes like adjusting an interest rate model, to adding support for a new asset.

Any address with more than 65,000 STRK delegated to it may propose governance actions, which are executable code. When a proposal is created, the community can submit their votes during a 3 day voting period. If a majority, and at least 130,000 votes are cast for the proposal, it is queued in the Timelock, and can be implemented after 2 days.

Governance Diagram

STRK

STRK is an token that allows the owner to delegate voting rights to any address, including their own address. Changes to the owner’s token balance automatically adjust the voting rights of the delegate.

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ERC-20