xGov and Governance: What’s the difference?
Algorand Community Governance comprises two programs: xGov and Governance. The programs differ in terms of participant eligibility and the measures that participants are required to vote on. Anyone can participate in Governance, while xGovs must have participated in at least one Governance Period (GP) before joining the xGov program under the current rules. Both xGovs and Governors play important roles in decision-making; however, the proposals put to xGovs will require more understanding, research, and discussion before casting a vote.
The xGov program marks an evolution of Algorand Community Governance, and its first iteration aims to create an expert layer of governors who have a deep understanding of the blockchain’s inner workings and the realities of the Algorand community. xGovs will be required to apply their acumen to funding decisions, including grant applications, that align with our mission of growing the Algorand ecosystem.
xGovs must commit their Governance Rewards for a 12-month Term, while Governors must commit their tokens for a 3-month GP. Both xGovs and Governors must vote in every session during their respective commitment periods in order to maintain their program eligibility.
If a Governor fails to vote, they forfeit their rewards, but their committed tokens are not affected.
If an xGov fails to vote, even once through the 12-month Term, they forfeit their token deposit. The forfeited deposits remain in the Term Pool and are distributed among eligible xGovs participating in the same Pool.
Find out more: ARC-33: Becoming an xGov.