Introducing Stabull Governance: Shaping the Future of the Protocol
The launch of the Stabull Governance platform marks a key milestone in the Stabull roadmap. It introduces a structured way for $STABUL token holders to actively participate in guiding the evolution of the protocol, while giving the Stabull Labs team clearer, community-driven direction for how the DEX and broader protocol should develop over time.
Governance is designed to align incentives between users, liquidity providers, and the protocol itself. As Stabull continues to grow, this mechanism ensures that decisions around its future are informed by those who use and support it.
Governance Powered by Snapshot
Stabull Governance is hosted on Snapshot, the industry-standard platform for off-chain voting. Snapshot enables token holders to vote without paying gas fees, making participation accessible and efficient.
You can follow and participate in governance here:
https://snapshot.org/#/s:stabullfinance.eth
Snapshot has become the preferred governance solution across DeFi due to its simplicity, transparency, and cost-efficiency.
For full documentation on how to vote, visit:
https://docs.stabull.finance/
Voting Power and Participation
At launch, governance supports tokens held on Ethereum and Base, with voting power calculated on a 1:1 basis.
Polygon is not supported on day one. However, the team is actively working to enable this in a cost-effective way. In the meantime, Polygon holders can bridge their tokens to participate:
- Bridge to Base: https://app.transporter.io/?from=polygon&tab=token&to=base&token=STABUL
- Bridge to Ethereum: https://app.transporter.io/?from=polygon&tab=token&to=mainnet&token=STABUL
Voting Power and Eligibility
Voting power is determined at the moment a proposal is created on Snapshot. Token balances are fixed at that point, meaning any tokens acquired or moved after the proposal goes live will not affect voting power for that vote.
Only tokens held in wallets directly controlled by the voter are eligible. This includes vested but unwithdrawn tokens held in Sablier (used by presale investors, taskon and magic store airdrops) as well as any tokens remaining on the Magic Store Staking Farm. Tokens held on centralised exchanges or in custodial environments do not count toward voting power unless they are withdrawn to self-custody prior to the snapshot being taken.
At launch, approximately 3% of the circulating $STABUL supply is held on Polygon. While Polygon is not yet supported for governance, the majority of supply is already on Ethereum and Base, ensuring broad participation from day one. Polygon holders who wish to participate can bridge their tokens to a supported network ahead of future proposals.
Proposal Process and Community Discussion
Each vote includes a 5-day discussion window prior to finalisation. This allows the community to review proposals, ask questions, and provide feedback.
Discussion takes place across two primary channels:
- Discourse forum: https://stabull.discourse.group/c/governance-votes/5
- Stabull Discord: https://discord.stabull.finance
These channels are intended to support open, constructive debate and ensure proposals are well understood before voting.
Who Can Propose?
Any wallet holding more than 25,000 $STABUL can submit proposals directly.
To ensure broader participation, smaller holders can collaborate to meet this threshold. In these cases, participants can open a ticket in Discord. Each contributing holder will be required to sign a message using a relevant block explorer (Etherscan, Basescan, or Polygonscan) to nominate a proposer wallet. Once verified, that wallet will be granted proposal permissions.
What Governance Will Be Used For
Governance on Stabull is advisory in nature. Outcomes are intended to guide the actions of the core team, who will endeavour to implement all reasonable and feasible proposals.
The initial focus is on establishing the foundations required for long-term sustainability and growth. This includes:
- Defining clear listing and delisting standards
- Improving the protocol’s revenue model
- Transitioning to more sustainable incentive mechanisms
The First Governance Proposals
The first batch of proposals introduces three key decisions for the future of the protocol:
1. Listing and Delisting Standards
Formalising how assets are added to and removed from the DEX, establishing Stabull as a curated venue.
2. Transition Away from Magic Store Staking
Ending the Magic Store staking farm and allocating a 6-month window to develop a native, in-app staking program with structured reward tiers.
3. Updating the Protocol Fee Split
Adjusting the LP/protocol fee split from 70% / 30% to 50% / 50% to support long-term sustainability and protocol revenue generation.
Discussion:
https://stabull.discourse.group/t/vote-003-update-the-protocol-fee-split-to-50-50/16/1
What Comes Next
Future governance proposals will expand into more granular parameters, including per-pool swap fees. These will evolve from the current promotional rate of 0.015%, allowing both liquidity providers and the protocol to better capture value based on asset popularity, trading volume, and market conditions.
Growth and Ecosystem Integration
The launch of governance comes at a time of strong momentum for the protocol.
Following extensive integration work, Stabull is now connected to major aggregators including OpenOcean and KyberSwap. In parallel, support from stablecoin issuers such as AUDD, ZARP, and AUDF has expanded liquidity and trading activity across the platform.
As a result, trading volume has increased significantly since the start of 2026. This growth can be tracked via the Stabull Dune dashboard:
https://dune.com/stabull_finance/dashboard
Stabull is now increasingly embedded in broader DeFi execution flows, with transactions routing through its pools alongside protocols such as Morpho, Balancer, Uniswap, Curve, DFX, and Binance DEX, among others.
A Collaborative Future
With governance now live, Stabull enters its next phase.
The protocol has demonstrated that its liquidity, routing, and fee mechanisms provide meaningful utility within the DeFi ecosystem. As integrations deepen and usage expands, governance ensures that its evolution is shaped collaboratively.
Token holders who have bought or earned $STABUL now have a direct role in determining how the protocol develops from here.
This marks the transition from a product built by a team to a protocol guided by its community.
