Governance

Governance on a decentralized platform empowers token holders to actively shape and influence its future, ensuring it evolves in the right direction. On Opera, governance is an on-chain process that lets FTM (Opera's native token) stakers submit and vote on proposals that determine changes to the platform’s mechanics and tokenomics.

Voting

To vote on a proposal, go to the governance section in your fWallet, open an active proposal, and cast your vote on the choice with which you agree most. Note that you’ll need to stake FTM tokens to vote. Each token equals one vote.

When you delegate your stake to a validator, your voting power is still equal to the number of FTM tokens you’ve staked. However, if you choose not to vote on a proposal, your voting power is given to your validator who adds your votes to their own. This helps to increase overall participation and prevent low voting turnouts. Once you do vote, they lose your voting power.

Proposals

Governance proposals outline potential actions that aim to improve Opera. If you’ve staked FTM, you can submit one by paying a 100 FTM fee through the governance section of your fWallet.

Proposals aren’t restricted to a simple yes or no option — voters can express their level of agreement across a range of custom options, which allows for more nuanced decision-making.

Proposals have a set date by which a minimum number of voters must have participated, and they must have agreed above a certain percentage. For most proposals, at least 55% of FTM stakers must cast their vote, and the average agreement among them must also be 55% or higher for the proposal to pass, both of which need to be achieved by a certain date.

If a proposal passes, the Fantom Foundation will implement the proposed changes or upgrades.