Stage 2: Governance Group and Validator Role
As the system matures, Stage 2 introduces the Governance Group, which consists of $POLY token holders. This group will serve as validators, with more authority to approve or deny proposed event outcomes, further decentralizing the power of resolution.
How Stage 2 Works
$POLY Holder Delegation
$POLY holders will gain the ability to participate as validators, responsible for reviewing and approving the proposed outcomes submitted by the oracle nodes in Stage 1.
Validators are delegated their authority by Polyquest, giving them a shared responsibility for outcome validation.
Validator Rewards
Validators will earn rewards from a portion of the platform fees generated by Polyquest.
These fees will incentivize accurate and fair validations, as validators are compensated for the successful operation of the prediction markets and accurate outcomes.
Validators will be held accountable, as any attempt to manipulate outcomes could result in slashing mechanisms or reputation loss, reducing their future earnings.
Delegation of Powers
Power is shared between the oracle nodes (Stage 1 participants) and the governance group.
While oracle nodes submit initial outcomes, the governance group validates or denies those resolutions, creating a balance between decentralized reporting and validated consensus.
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