Governance

Similar to the way that majority of Cosmos SDK chains operate, validators can vote using tokens they are delegated with. However, if a delegator votes themselves, their voting decision will override the validator’s vote if the decision differs. The parameters for the governance on Picasso are as follows:

Parameter	Period/Number
Total Deposit	2 million PICA
Quorum	30%
Voting Period	1 day
Threshold	50%
No-with-veto	33%