Governance System

At its foundation, XENOS is governed by its community — not by founders or funds. Through the XENOS DAO, token holders steer the evolution of the protocol:

• Proposing new perpetual pairs

• Adjusting leverage caps or risk parameters

• Allocating liquidity mining rewards

• Partnering with other DeFi protocols

The governance layer operates via on-chain proposals and time-locked execution, ensuring transparency and preventing centralization. Every change must pass through the DAO before reaching production — meaning the community literally defines the future of XENOS.

Over time, the governance process will evolve into a multi-tier model:

• Core Council: Trusted community members and early contributors.

• Open Governance: Fully decentralized proposals for all holders.

• Protocol Delegates: Specialized roles for risk, treasury, and partnerships.

The end goal: a self-sustaining ecosystem that can adapt to market trends faster than any centralized exchange ever could.