Stabull Governance Terms of Service (Snapshot)

These Governance Terms of Service (“Terms”) apply to all participation in governance votes conducted by or on behalf of Stabull Finance using the Snapshot governance platform (“Snapshot”).

By participating in any governance vote, you acknowledge and agree to these Terms.

1. Purpose of Governance

Governance votes are intended to guide the Stabull Finance core contributors in the ongoing operation, development, and evolution of the Stabull protocol. Governance provides a structured mechanism for STABUL token holders to signal preferences and priorities based on observed protocol behavior.

At this time, governance is advisory in nature. Successful votes are intended to inform operational decisions and will be executed manually by the core team, where appropriate, within a reasonable timeframe.

Governance does not mandate automatic execution, nor does it override operational judgment, security considerations, or risk management responsibilities.

1.1 Scope of Governance

Governance on Stabull Finance is intended to address protocol-level economic parameters and structural incentives, including but not limited to:

• Protocol fee structures and fee recipients

• Liquidity mining incentives and emission frameworks

• Staking mechanisms and lockup structures

• Governance mechanics and voting parameters

• Transparency and reporting commitments

• Amendment processes for governance documentation and the whitepaper

Governance does not determine:

• Asset listings or delistings

• Execution logic or pricing mechanisms

• Oracle selection or configuration

• Real-time operational or emergency actions

These areas remain the responsibility of the Stabull Finance core contributors and are informed by live market behavior, technical constraints, and risk considerations.

2. Eligibility to Vote

Voting is open to holders of STABUL tokens that are:

• Held in a wallet under the voter’s direct control, or

• Staked on supported staking platforms or native staking mechanisms, where applicable.

The following holdings are not eligible for voting at this time:

• Tokens held on centralized exchanges (CEXs), due to commingling and the inability to reliably attribute voting power to individual participants

• Tokens held in Uniswap liquidity pools

• Tokens held in Sablier vesting streams that haven’t been claimed and transferred to your wallet

Only STABUL tokens held on Ethereum or Base are currently supported. Polygon-based tokens may be bridged to Base or Ethereum prior to voting at https://app.transporter.io/.

To carry voting power, eligible tokens must be held in a qualifying wallet before the vote commences. Tokens acquired after a vote has started will not be counted.

Voting eligibility criteria may evolve over time through governance, including changes related to supported chains, staking mechanisms, or voting weight calculations.

3. Voting Parameters

Quorum requirements, voting periods, voting power calculations, and majority thresholds are defined per proposal within Snapshot.

These parameters may vary between proposals and should be reviewed by participants prior to voting.

4. Execution of Votes

Where a proposal passes quorum and achieves the required majority, the Stabull Finance team intends to schedule execution of the outcome as soon as reasonably possible, typically within approximately 14 days, subject to technical, security, legal, and operational considerations.

Execution is performed manually and may involve on-chain or off-chain actions depending on the nature of the proposal.

5. Discretion and Exceptional Circumstances

Stabull Finance reserves the right, acting in good faith, to delay, modify, or decline execution of a governance vote in exceptional circumstances, including but not limited to:

• Security vulnerabilities or exploits

• Legal or regulatory concerns

• Technical infeasibility

• Clear manipulation, abuse, or unintended outcomes

Day-to-day operation of the protocol remains managed by the core team.

5.1 Post-Execution Review

Governance outcomes may be reviewed after implementation. If a change produces unintended, adverse, or destabilizing effects, subsequent governance proposals may amend or reverse prior decisions.

Governance is iterative by design.

6. No Rights or Entitlements

Participation in governance does not:

• Grant ownership, equity, or profit rights in Stabull Finance or Stabull Labs LLC

• Create a partnership, agency, fiduciary, or employment relationship

• Confer any legal claim over protocol assets, revenues, or operations

STABUL tokens are not shares or securities. Governance participation is limited to signaling preferences within the Stabull protocol’s governance framework.

7. Risk and Liability Disclaimer

Participation in governance is voluntary and undertaken at the participant’s own risk.

Governance decisions may have economic, technical, or operational consequences. Stabull Finance, its contributors, and affiliates make no guarantees regarding outcomes of governance votes and are not liable for losses arising from governance participation or from the execution or non-execution of voted proposals.

8. Compliance Responsibility

No checks are performed regarding jurisdiction, age, or regulatory status.

Participants are solely responsible for ensuring that their participation in governance complies with all applicable laws and regulations for the country that they are a citizen or resident.

9. Reference Documentation

These Terms should be read alongside the Stabull Whitepaper and the governance guidelines published by Stabull Finance at the Stabull Gitbook.

The Whitepaper provides context on protocol design intent, governance scope, and operational boundaries. In the event of ambiguity, these documents should be considered together.

10. Disputes

Governance participation is voluntary and experimental in nature.

Disputes relating to governance participation, voting outcomes, or execution decisions are not contemplated under these Terms.