# Governance

## **Overview**

Listing Vote is a permissionless listing mechanism on Aster Chain. Any active validator can propose a new listing, and proposals are decided by on-chain vote weighted by staked $ASTER.

This process ensures that listing decisions are transparent, on-chain verifiable, and governed by the validators that secure the network.

***

### **How It Works**

* A Validator proposes a new listing (e.g. BTC/U as a perp pair).
* All active validators vote: **Approved / Rejected / Not Voted (Abstain)**
* Votes are weighted by each validator's **currently active staked $ASTER**
* A proposal passes only if **both** of the following conditions are met:
* Approve **stake > 50%** of total active stake
* Approve validator **count > 50%** of total active validators

Pending stakes and in-progress withdrawals are **not counted** toward vote weight. Validators in **inactive** status cannot vote and are not counted in the totals.

### **Eligibility**

To become an active validator on Aster Chain and participate in Listing Vote: 

\- Stake a minimum of \*\*20M $ASTER\*\* 

\- Maintain active validator status

### **Voting Rules**

| Parameter         | Value                                                                                                      |
| ----------------- | ---------------------------------------------------------------------------------------------------------- |
| Who can vote      | Active Validator nodes                                                                                     |
| Vote options      | Approved / Rejected / Not Voted (Abstain)                                                                  |
| Vote weight       | Proportional to active staked $ASTER                                                                       |
| Passing threshold | Approve stake > 50% of total active stake **AND** Approve validator count > 50% of total active validators |

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### **Voting Lifecycle**

Proposed → Voting → Approved / Rejected

* **Voting** — The proposal is open. Validators cast their votes. Results update in real-time.
* **Approved** — Both stake and validator count thresholds are met; the token will be listed.
* **Rejected** — Either threshold failed.

***

### **For Validators**

If you are an active validator on Aster Chain, you can:

* Propose new listings
* Vote on any active listing proposal: Approve, Reject, or stay as Not Voted
* Votes are recorded on-chain

***

### **FAQ**

**Q: How is the vote result calculated?**

A: A proposal passes only when **both** the Approve stake exceeds 50% of total active stake and the Approve validator count exceeds 50% of total active validators.

**Q: Does every node have the same vote weight?**

A: No. Stake-side weight is proportional to each validator's active staked $ASTER. More stake means more influence. The validator-count threshold treats every active validatorequally (one validator = one count).

**Q: What counts as "active stake"?**

A: Only currently effective staked $ASTER. Pending stakes and in-progress withdrawals are excluded.

**Q: Can inactive validators vote?**

A: No. Validators in inactive status cannot vote.

**Q: Who can propose a new listing?**

A: Any active validator node can propose a new token listing.

**Q: How do I become a validator?**

**A: Stake a minimum of 20M $ASTER and maintain active validator status.** 

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