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‎GeneralComputorProposals/2026-02-12-Governance-Framework.md‎

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# Qubic Governance & Funding Framework
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**Proposal Date:** March 11, 2026
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## Question
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Do you (the Computors) approve the establishment of an updated Governance & Funding Framework for Qubic as documented and presented to the community?
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---
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## Voting Options
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| Option | Description |
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|--------|-------------|
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| **Option 0** | **Yes** — Approve the Governance & Funding Framework as documented |
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| **Option 1** | **No** — Reject the framework; maintain current state |
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---
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## Summary
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This proposal asks Computors to approve a comprehensive governance and funding framework that establishes:
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- Clear structural roles, mandates, and reporting lines for all ecosystem entities
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- Strict separation between three funds (CCF, Incubation Fund, Listing Fund)
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- Independent financial oversight through a Finance Auditing Entity
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- Protocol primacy ensuring technical integrity overrides governance decisions
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## Background
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The Qubic ecosystem has grown to include multiple workgroups, boards, and funding mechanisms. As operations have scaled, the need for formalized governance structures has become evident. This framework addresses:
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1. **Structural Clarity** — Defining who does what, who reports to whom, and what authority each entity has
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2. **Fund Separation** — Ensuring funds are isolated by purpose with distinct controls
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3. **Accountability** — Establishing independent oversight and public transparency
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## Framework Overview
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### Fund Structure
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| Fund | Purpose | Control |
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|------|---------|---------|
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| **CCF (Computor Controlled Fund)** | Funds Full Workgroups and approved Projects | Computor approval required |
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| **Incubation Fund** | Dedicated to incubation projects only | Incubation Board |
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| **Listing Fund** | Exchange listings only | Listing Board |
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All three funds operate independently with strict isolation. Only CCF is subject to audit by the Finance Auditing Entity.
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### Organizational Entities
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**Full Workgroups** (funded by CCF):
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- Marketing Workgroup
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- Community Management Workgroup
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- Qubic Science Workgroup
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- Tech Workgroup (with Protocol Primacy)
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**Small Execution Workgroups** (funded by Full Workgroups):
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- Business Development
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- Incubation Management
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**Strategy Layer Boards**:
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- Strategic Board (WG Leads + Computor Delegates + Advisors) — defines strategic direction, first arbiter for conflicts
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- Incubation Board — controls Incubation Fund, defines incubation program strategy
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- Listing Board — controls Listing Fund, decides exchange strategy
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**Oversight**:
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- Finance Auditing Entity — independent oversight of CCF spending, mandatory access to financial records, public transparency
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### Key Principles
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1. **Fund Separation** — Funds strictly separated by purpose with distinct controls
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2. **Decision vs Execution** — Boards decide direction; Workgroups execute
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3. **Independent Oversight** — Financial oversight is independent and mandatory
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4. **Protocol Primacy** — Protocol rules override all governance decisions; Tech Workgroup must refuse directives that violate protocol integrity
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### Conflict Resolution
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- **Standard conflicts**: Strategic Board → Computors (final authority)
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- **Protocol conflicts**: Tech Workgroup → CFB → Protocol (governance cannot override protocol constraints)
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## Documentation
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Full documentation is publicly available:
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📁 **[Governance Framework Documentation](https://drive.google.com/drive/folders/1DrOYPJ1uEEjsqhYwoI348XzIiHF--SSn?usp=sharing)**
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| Document | Description |
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|----------|-------------|
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| **01_Qubic-Governance-Framework-Overview** | High-level overview — the essentials |
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| **02_Qubic-Governance-Framework-Slides** | Presentation for deeper understanding |
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| **03_Qubic-Governance-Framework-Whitepaper** | Comprehensive details and specifications |
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| **Timeline - Governance-Framework** | Execution roadmap and milestones |
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## Implementation Timeline
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| Phase | Period | Focus |
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|-------|--------|-------|
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| **Phase 1** | Now → Mar 18 | Stakeholder alignment, community feedback, Computor approval |
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| **Phase 2** | Feb → Apr | Entity establishment (Finance Auditing Entity, full Strategic Board) |
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| **Phase 3** | Feb → May | Funding sustainability for Incubation and Listing funds |
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**Key Milestones:**
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- Feb 5, 2026: Stakeholder presentation
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- Mar 11, 2026: Computor proposal
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- Mar 18, 2026: Framework approval (target)
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- Apr 15, 2026: All entities operational
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- May 15, 2026: Fully operational with sustainable funding
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## Current State
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**Already Active (9 entities):**
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- Computors, Tech Workgroup, Qubic Science, Marketing Workgroup
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- Business Development, Incubation Management
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- Incubation Board, Listing Board, Strategic Board (Interim)
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- CCF with steady income (8% Computor donation)
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**Gaps to Address:**
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- Finance Auditing Entity (HIGH priority)
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- Full Strategic Board with Computor delegates (MEDIUM priority)
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- Sustainable funding for Incubation and Listing funds
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## Benefits
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✅ Clear accountability through defined roles and reporting lines
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✅ Financial discipline through fund separation and independent audit
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✅ Protocol protection through Tech Workgroup primacy
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✅ Decentralized governance with Computors as final authority
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✅ Transparent operations with public financial reporting
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✅ Scalable structure supporting ecosystem growth
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---
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## References
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- [Governance Framework Documentation (Google Drive)](https://drive.google.com/drive/folders/1DrOYPJ1uEEjsqhYwoI348XzIiHF--SSn?usp=sharing)
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- Stakeholder Presentation: February 5, 2026
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- Community Discussion: Discord #governance channel
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---
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*This proposal was prepared by the interim Strategic Board following stakeholder presentation and community feedback period.*

‎SmartContracts/2026-02-13-QTRY-V2.md‎

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# Proposal for Quottery v2 update
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## Proposal
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Allow Deployment of the new Quottery Smart Contract in EP201 on Qubic
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### Available Options
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> Option 0: No — do not allow deployment
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> Option 1: Yes — allow deployment
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## Overview
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Quottery (QTRY) is a high-performance, decentralized prediction market and binary options exchange designed specifically for the Qubic ecosystem. Unlike legacy prediction platforms, QTRY operates as a fully on-chain order book exchange, allowing users to trade positions on future outcomes with zero counterparty risk.
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Built using highly optimized C++ for the QPI, QTRY leverages Qubic’s unique "tick" architecture to provide near-instant matching, automated settlement, and a trustless dispute resolution mechanism powered by the network's Computors. It represents a significant step forward in utility for the Qubic network, offering a distinct financial instrument that drives transaction volume and burns QUs.
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## Motivation and Goals
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### Motivation
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Current decentralized prediction markets often suffer from high latency, excessive gas fees, or centralized oracle points of failure. The Qubic ecosystem currently lacks a native financial derivative layer that can handle high-frequency trading of binary outcomes (Yes/No events) without bloating the state. QTRY addresses this by implementing a lightweight, "set-and-forget" architecture that cleans up its own state, ensuring long-term sustainability.
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### Goals
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* **Trustless Settlement:** To remove the need for a centralized clearinghouse by using atomic smart contract swaps for all trades.
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* **Economic Utility:** To create a consistent "sink" for QUs through trading fees, event creation fees, and an automated burn mechanism.
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* **Fair Dispute Resolution:** To utilize the consensus of Qubic Computors as the ultimate "Supreme Court" for resolving controversial event outcomes, ensuring fairness beyond the control of the platform operator.
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* **High Efficiency:** To demonstrate the capabilities of QPI by managing up to 2 million user positions and thousands of concurrent events without impacting network tick times.
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## Contract Summary
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The QTRY smart contract is a self-contained financial engine. Its core architecture revolves around a dual-state order book that manages liquidity for binary options (Option 0 vs. Option 1).
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* **Matching Engine:** The contract features an embedded matching engine that supports three distinct trade types:
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* **Direct Match:** Standard Ask vs. Bid matching.
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* **Merge (Liquidity Exit):** Users holding opposite positions can "merge" them to exit the market and recover collateral.
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* **Mint (Liquidity Entry):** Two users with opposing views can simultaneously fund a new position, creating liquidity for the market.
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* **Automated Lifecycle:** Events move strictly through a state machine: `Active` → `Trading Closed` → `Result Published` → `Dispute Window` → `Finalized` → `Archived`.
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* **State Management:** The contract includes aggressive, automated garbage collection in the `END_EPOCH` routine. It ensures that finalized events and settled positions are permanently removed from memory, preventing state bloat—a critical feature for maintaining low operational costs on Qubic.
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* **Security:** The contract enforces strict checks on amounts, prices, and dates, and includes "anti-spam" deposits for creating events or raising disputes.
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## Governance
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QTRY introduces a multi-layered governance model that balances operational efficiency with decentralized oversight.
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* **The Game Operator (GO):** A designated entity (initially the developer team) responsible for the day-to-day creation of events and publishing of initial results. The GO must stake capital to perform actions, incentivizing accurate reporting.
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* **The Computors (Validators):** Qubic Computors serve as the ultimate oracle. If users disagree with the Game Operator’s published result, they can initiate a **Dispute**. Computors then vote on the correct outcome. If the GO is found to be malicious or incorrect, they are penalized, and the Computors update the result directly on-chain.
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* **Shareholder Proposals:** Holders of the QTRY asset have direct control over the protocol's economic parameters. Through a built-in proposal system, shareholders can vote to:
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* Adjust fee rates (Operation Fee, Shareholder Fee, Burn Fee).
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* Update the "Anti-Spam" and "Deposit" amounts.
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* **Replace the Game Operator** entirely if they become inactive or malicious.
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## Dividend Distribution
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QTRY implements a robust, automated revenue-sharing model designed to benefit all stakeholders in the Qubic ecosystem.
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* **Revenue Streams:** The contract collects revenue from:
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* **Trading Fees:** A percentage fee (default 1.5%) charged on every matched trade.
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* **Hosting Fees:** A daily fee charged to the Game Operator for keeping an event active.
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* **Distribution Logic:** At the end of every epoch (approx. every week), the contract automatically calculates the total accumulated revenue and distributes it as follows:
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1. **Deflationary Burn:** A configurable percentage (e.g., 10%) is permanently burned (removed from circulation), reducing the total supply of QUs and benefiting all Qubic holders.
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2. **Shareholder Dividends:** The majority of the net revenue is distributed pro-rata to all holders of QTRY shares. This creates a yield-generating asset within the Qubic ecosystem.
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3. **Operational Costs:** A portion is allocated to the Game Operator to cover server costs, data feed subscriptions, and development.
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This "Push" distribution model (automated at `END_EPOCH`) ensures that dividends are paid out regularly and transparently, without requiring users to manually claim or pay fees to receive their rewards.
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## Technical implementation
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https://github.com/qubic/core/pull/761

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