Virtuals Protocol has launched its governance portal, where addresses holding at least 0.1% of the total veVIRTUAL supply can create proposals.

BlockBeats News, July 1st, Virtuals Protocol announced on X that the Governance Portal feature is now live. Any wallet holding at least 0.1% of the total veVIRTUAL supply can create a proposal. Once a proposal is submitted, it will enter a 72-hour discussion window for public review and comments, during which voting is disabled. After the window closes, the protocol will take a snapshot of all veVIRTUAL balances, and this snapshot will permanently lock in each wallet's voting power on the proposal. The voting period will last 72 hours. Virgens can directly vote "For" or "Against" on-chain. After the voting period, the results will only be valid if at least 25% of veVIRTUAL members participated in the vote.