eRon blockchain integrates on-chain governance, empowering users to cast votes on proposed changes directly within the chain. This governance framework draws inspiration from Compound's alpha governance model.

Validator owners within the chain possess the capability to initiate new proposals and participate in the voting process. Voting authority is distributed proportionally based on the total delegated amount to each validator.

Once a consensus threshold of two-thirds of the quorum is met, coupled with a majority vote of over 51% in favor of the proposal, it becomes executable by any participant within the chain. Governance functionalities extend to the management of staking parameters such as felony thresholds or jail periods, enabling the system to adapt dynamically to evolving requirements.

Users are able to propose changes, including the changes in governance. Each proposal is reviewed and voted for by other eRon blockchain users. Only after reaching the quorum, a governance proposal can be applied.

Here is the list of available proposals:

• Upgrade existing runtime or deploy new system smart contracts

• Add or remove a validator from the validator set

• Manage blockchain parameters:

◦ Number of active validators

◦ Epoch block interval

◦ Misdemeanor threshold

◦ Felony threshold

◦ Validator jail epoch duration

◦ Undelegate period during which no claiming funds is available

◦ Minimum validator stake amount

◦ Minimum stake amount