How it works
The money moves one way
Four steps, each specified by its own ECIP, and no step can be skipped or reversed. Nothing along the path holds an admin key, and no payment leaves without an approval recorded publicly beforehand.
- 01ECIP-1111
Every transaction pays a base fee
The network sets it, the sender pays it, and it is credited inside consensus as each block is finalized. Priority tips and ECIP-1017 block rewards go to whoever produced the block, in full and unconditionally.
- 02ECIP-1112
It lands in the Olympia Sovereignty Vault
One permanent address, written into every Olympia client, with no owner, no role, no setter and no parameter. It keeps nothing: whatever arrives is forwarded, unchanged, to a single address fixed when the contract was built. This is the only contract that cannot be replaced without a hard fork.
- 03ECIP-1113
It lives in the Olympia Treasury
A stock timelock owned by no company, foundation or individual. It does not invest the balance and does not choose who receives anything. One account can tell it to pay, and that account carries out proposals that were voted through, queued in public, and held for a fixed delay.
- 04ECIP-1114 · ECIP-1117
Proposals decide where it goes
Olympia DAO votes on the network's core: clients, network security, critical infrastructure. A proposal may instead seed a season for the Olympia Futarchy Grants DAO, which allocates that sum to public ecosystem work by open market rather than by committee.
Governance
Governance Architecture
Three systems that work together, and no single group controls the protocol. Binding on-chain governance, open prediction markets and network adoption each depend on the other two.
Learn about Olympia governance →Network Participant Layer
Miners, exchanges, wallets and node operators govern through the client software they run. An upgrade activates only when the network adopts it.
Dev 0.1
On-Chain Architecture
Six contracts, and the boundary between the first two is the whole design. Base-fee revenue lands at a permanent address that keeps nothing and forwards everything; it lives in a timelock that pays only what governance approved. Everything below that first contract is replaceable by ordinary proposal, with no hard fork and nobody’s permission.
- ECIP-1112OlympiaSovereigntyVault
- The permanent address consensus credits. Holds nothing for long: it forwards its balance, unchanged, to the Treasury
- ECIP-1113 §1.3TimelockController
- The Olympia Treasury. Holds the funds and carries out approved proposals after a mandatory delay
- ECIP-1113OlympiaGovernor
- Proposal lifecycle, vote tallying, and the execution-time compliance gate. The only account that can tell the Treasury to pay
- ECIP-1113 §1.2CoreNFT
- Soulbound membership. One non-delegable vote per core contributor, minted only by a passed proposal
- ECIP-1119SanctionsOracle
- The list the Governor screens every outward address against before the Treasury releases anything
- ECIP-1114OFPRegistry
- Funding-proposal metadata, bound to the proposal that executes it so voters read what runs