The first BOB Governance proposal is live

Governance means every BOB token holder has a say in what gets built, what gets funded, and where the protocol goes next.

Decentralization is vital for the Bank of Bitcoin

The Bank of Bitcoin isn't a product. It's a vision for a new financial system - one where trust is protocol-native, not manufactured.

That kind of infrastructure needs to be governed the same way. No single team should decide what BOB becomes. The people who hold the token, use the protocol, and build on it should.

Governance makes that real. It's how we move from a protocol with a mission to a community that owns and advances it.

The best governance is inclusive and efficient

BOB's approach to governance is deliberately practical. The goal isn't to build a complicated decision-making process, it's to help steward the protocol efficiently while staying product and revenue oriented.

BOB Governance is a mechanism to align key actors like builders, researchers, tokenholders, and delegates, who bring perspectives from different regions, user groups, and use cases. Their role will be to represent those interests and share thinking that helps BOB build better products and deliver on its vision.

There are two tools you'll use:

• Community Forum at forum.gobob.xyz - where proposals are discussed, refined, and pressure-tested before going to a vote
• Voting Platform at gov.gobob.xyz - where token holders cast votes on official proposals

The process from idea to decision has four stages:

1. Discussion

Any community member can open a discussion on the BOB forum. This is the place to share early ideas, gather feedback, and build support before drafting a formal proposal. It's not mandatory, but it makes proposals sharper and more likely to pass.

2. Proposal submission

Delegates draft and submit formal proposals. Anyone can become a delegate, but to submit a proposal, a delegate must have secured at least 0.07% of total token supply in delegations (7 million $BOB) from BOB token holders.

Proposals follow a structured template - clear, well-documented proposals are easier for the community to evaluate and less likely to get stuck.

3. Voting

Once submitted, proposals go live for a 7-day voting window (with a 1-day delay after submission). To pass, a proposal needs:

• Quorum: 0.5% of total token supply participating
• Threshold: more than 50% voting AYE

4. Implementation

Approved proposals are executed by the designated delegate(s) or parties named in the proposal. A minimum 7-day timelock applies before execution - giving the community time to flag any concerns before an approved proposal goes onchain.

The DAO will make decisions on three types of proposal

The governance framework covers three kinds of decisions, framed as BOB Acceleration Proposals (BAPs):

• Spending Proposals - allocating protocol funds for grants, ecosystem incentives, treasury disbursements, or operational needs.
• Technical Proposals - upgrades to smart contracts, protocol parameters, or other components of the network.
• Governance & Structural Proposals - changes to the governance framework itself: voting thresholds, roles, and decision-making processes.

Delegates are the active stewards of BOB governance

Delegates vote on proposals on behalf of token holders, engage with the community on key decisions, and help drive the DAO's mission forward across three focus areas: Bitcoin Finance, Technical, and Growth & Ecosystem.

You don't have to vote on every proposal yourself. Delegating your voting power to a trusted delegate is the easiest way to stay represented in governance. You can delegate, change your delegate, or even self-delegate if you prefer to vote directly yourself, at any time, at gov.gobob.xyz.

Anyone can become a delegate - the process is fully permissionless. All it takes is 4 simple steps.

Step 1: Visit https://gov.gobob.xyz/dao/delegate/register and connect your wallet.

Step 2: Add your display name + an Avatar. We recommend keeping it similar to your social PFP for better familiarity among the community. Linking your X (Twitter) account is recommended but not mandatory.

Step 3: Provide the following information:

Step 4: Preview & submit. Note that you can edit your profile at any time.

Introducing BAP001: The BOB DAO Mission Charter

The first proposal up for community vote is BAP001 - ratifying the BOB DAO Mission Charter. This isn't a procedural formality. It's the community formally endorsing what the DAO exists to do, and how it will do it.

The proposed mission:

The BOB DAO exists to accelerate the adoption of Bitcoin as global financial infrastructure for the masses - spending, saving, borrowing, earning, everything - with trust built into protocols, not manufactured through layers of intermediaries.

Through collective decision-making, strategic resource allocation, and active ecosystem participation, the DAO governs, funds, and supports the projects and products that bring this vision to life.

We aim to empower contributors, scale impactful ideas, and coordinate global efforts that make Bitcoin-powered finance accessible to individuals, communities, and institutions worldwide.

The DAO's work is organized across three pillars:

• Bitcoin Finance Infrastructure - BOB Gateway, Native Bitcoin Vaults, and the consumer-facing products that make Bitcoin usable as productive capital
• Technical - the protocol infrastructure, smart contracts, and security that power it all, including BitVM, Bitcoin intents, and the BOB Hybrid Chain
• Growth & Ecosystem - integrations, partnerships, and community programs that bring more users, more BTC, and more builders onto BOB rails

The full proposal text is on the forum. Read it, comment on it, ask questions. The discussion phase runs for one week before voting opens.

Get started with BOB governance now

1. Read BAP001 on the forum at forum.gobob.xyz
2. Leave your feedback - the discussion phase exists so the community can shape proposals before they go to a vote
3. Set up delegation - delegate your voting power to a delegate you trust, or self-delegate to vote directly, at gov.gobob.xyz/gov/bob/delegates
4. Vote when the voting window opens

BOB was built to give Bitcoin holders more. Governance is how you shape what that looks like.