> ## Documentation Index
> Fetch the complete documentation index at: https://v1-docs.zcombinator.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Transparency & Governance

> How $ZC governance operates through futarchy and prediction markets

## Overview

\$ZC governance operates through futarchy, a decision-making framework where proposals are evaluated through prediction markets. The governance system is designed to maximize autonomy and verifiability while maintaining necessary oversight for operations requiring team execution.

**Core Principle:** Progressively decentralize by converting non-programmatic proposals into programmatic ones wherever possible.

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## Governance Structure

### Programmatic Proposals

**Definition:** Proposals that can be executed permissionlessly, autonomously, and verifiably through smart contracts without human intervention.

**Process:** These proposals go directly to futarchy decision markets without requiring team sign-off.

**Eligible Actions:**

* **Emission Rate Changes**: Modifying \$ZC token emission schedules
* **Emission Redirects**: Directing continuous emissions to specific addresses or purposes
* **ZC Token Operations**: Sending or selling \$ZC emissions from protocol holdings
* **Treasury Asset Operations**: Sending or selling non-\$ZC treasury assets
* **ZC LP Management**: Manipulating \$ZC liquidity pool positions (e.g., migrating LP, rebalancing)

### Non-Programmatic Proposals

**Definition:** Proposals that require team execution, labor, or coordination and cannot be fully automated through smart contracts.

**Process:** These proposals require team sign-off before being submitted to futarchy decision markets.

**Examples:**

* Hosting AMAs or community events
* Creating marketing content or memes
* Building specific protocol features
* Fixing identified bugs
* Publishing roadmaps or strategic documentation
* Updating staking contract architecture
* Adjusting fee rates on \$ZC projects
* Modifying market parameters (duration, thresholds, TWAP intervals)
* Managing LP positions in external projects (see below)

**Strategic Goal:** Continuously evaluate non-programmatic proposal types for conversion to programmatic execution where technically feasible.

***

## Participating in Governance

### View & Trade Proposals

Active governance proposals are available as prediction markets at [zc.percent.markets](https://zc.percent.markets), where you can trade on proposal outcomes.

### Submit a Proposal

To submit a governance proposal, complete the [proposal submission form](https://forms.gle/trMnEAxqoANLm2Er8).

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## Decision Market Configuration

### Market Parameters

All futarchy decision markets currently operate with the following parameters:

* **Duration:** 24-hour voting period
* **Resolution Threshold:** 0.0% pass/fail gap
* **TWAP Calculation Interval:** 1 minute

**Note:** Market parameter changes are classified as non-programmatic proposals and require team approval.

### Decision Criteria

**Metric:** Price of \$ZC token

Decision criteria is currently set by the ZC team.

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## Treasury & Asset Ownership

**Ownership Structure:**

* Treasury assets are owned and controlled by futarchy governance
* Protocol LP positions are owned and controlled by futarchy governance
* Up to 25% of protocol LP may be withdrawn to fund \$ZC decision markets

<Card title="View Protocol Addresses" icon="wallet" href="/addresses">
  See all protocol addresses including treasury, authority, and emissions addresses
</Card>

***

## Current Protocol Emissions

**Daily:**

* 1,000,000 \$ZC to development team

**Monthly:**

* 60,000,000 \$ZC to staking contract

***

## External LP Custody

**Current Status:** \$ZC currently has custody of LP positions from other projects.

**Governance Process:** Manipulation of external project LP is controlled via decision markets but classified as **non-programmatic**. These proposals require:

1. Team approval
2. Relevant project approval/sign-off
3. Submission to futarchy decision markets

This structure ensures collaborative management of partnered assets while maintaining governance oversight.