Governance
Governance Power & Voting Incentives
Holding gSPHERE grants access to real-time governance, allowing users to direct emissions, farm yield, extract value from bribes and influence the fund's capital acquisition strategies.
What Governance Controls
gSPHERE holders vote each epoch (approx. 7 days) to:
Allocate oSPHERE emissions across micro-funds
Choose which assets the protocol accumulates
Influence yield auction schedules and reward flows
Shape the fund’s exposure profile in real time
This vote-directed system empowers the community to guide protocol behaviour without centralized control.
Bribe-Enabled Voting
When a microfund’s auction clears, the target asset lands in the contract. The protocol applies a single global split parameter s (between 0 and 50%):
Bribe rewards – s of the proceeds is paid to the gSPHERE voters who supported that microfund.
Vault deposit – the remaining (1 – s) stays inside the microfund to start earning yield.
Why the split exists
Bootstraps early APR. A new microfund starts with a small balance; a higher s gives voters tangible rewards from day one.
Guarantees expansion. Because s can never exceed 50%, at least half of every purchase always farms and grows net asset value.
Aligns governance. Voters share the instant bribe and the long‑term yield stream, nudging them toward sustainable strategies rather than quick pumps.
Governance can adjust s over time—higher at launch to attract votes, lower later to prioritise growth. The cap of fifty percent is immutable.
Example split
An auction raises 10 stS. With the split set to forty percent (40%):
4 stS go to that epoch’s voters as an immediate bribe
6 stS remain in the vault and begin farming yield
To start with the Global Split Paramater will be set to 50% allowing for more rewards to be sent to gSPHERE holders as the fund picks up momentum. Once snapshot is established, gSPHERE holders are free to propose changes to the Global Split Parameter, enabling the fund to acquire more capital as the value of SPHERE raises.
What You Earn by Holding gSPHERE
Holding gSPHERE gives passive exposure to the entire protocol. Benefits include:
✅ A share of SPHERE from yield reward auctions (buybacks)
✅ Swap and borrow fees from the bonding curve
✅ Bribes, if participating in incentivized votes
Voting locks your gSPHERE until the epoch ends, after which it becomes withdrawable again.
Strategic Governance = Capital Efficiency
By participating:
You influence what assets the protocol accumulates
You earn additional rewards via bribes or emissions
You help optimize how the protocol grows its treasury
gSPHERE = Influence + Yield + IBV
In SonicSphere, governance is a value engine—not a formality. The more you vote, the more value you extract.
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