Helix Token

Helix is governed entirely on the Base network through an on-chain governance system that empowers HLX token holders to shape the evolution of the protocol. The governance framework ensures decentralized control while enabling efficient upgrades, parameter changes, and asset management, all without relying on off-chain coordination or external networks.

Governance in Helix is executed through a smart contract-based DAO architecture, inspired and forked by Aave V3 but tailored for a single-chain environment. HLX holders can propose, vote on, and execute changes to the protocol using a secure, transparent, and verifiable process. All governance actions from proposal creation to execution take place on Base, ensuring low-cost, high-speed governance participation.

Token holders with sufficient proposal power may submit proposals directly to the Governance contract. Once submitted, proposals enter a defined lifecycle with configurable parameters like voting delay, voting duration, quorum, and execution delay.

Helix governance is designed to be permissionless, meaning any address with the required voting power can participate or propose changes. Administrative roles exist to manage protocol components but are ultimately accountable to governance.