Virtuals Protocol: The governance portal is now live, and addresses holding at least 0.1% of the total veVIRTUAL can create proposals

ChainCatcher news, Virtuals Protocol announced on platform X that the governance portal feature is now live, and any wallet holding at least 0.1% of the total veVIRTUAL supply can create proposals.

After a proposal is submitted, it will enter a 72-hour discussion window for public review and comments, during which voting is disabled. Once the window closes, the protocol will take a snapshot of all veVIRTUAL balances, and this block will permanently lock each wallet's voting rights for that proposal. Voting will last for 72 hours.

Virgens can vote "for" or "against" directly on-chain. After voting ends, the results will only be valid if at least 25% of veVIRTUAL members participated in the vote.