Voters and Delegates

Voters (Tokenholders)

Tokenholders acquire voting power by locking NEAR tokens and receiving veNEAR voting power in accordance with the Governance Framework. They may either exercise their voting power directly or delegate it to a Delegate.

Voters are the sovereign decision-makers of the House of Stake. They exercise governance by voting on proposals submitted through the governance process and are ultimately responsible for approving or rejecting changes to the protocol, economic parameters, constitutional documents, and other governance decisions reserved to tokenholders according to House of Stake's Mandate.

Their key responsibilities include:

• Voting on proposals admitted to governance.
• Approving constitutional amendments and other matters reserved for tokenholder approval.
• Exercising oversight by holding governance participants accountable through the voting process.

Their authority is bounded by the Constitution:

• Voters may only decide on matters properly brought before them through the governance process.
• Execution of approved proposals is delegated to the appropriate operational or legal entities (e.g. Foundation Directors, Operations Team), rather than performed directly by voters.
• Certain emergency powers, constitutional oversight, or delegated resource-allocation decisions are assigned to other governance bodies (e.g. the Security Council) rather than remaining subject to day-to-day tokenholder voting.

Delegates

Delegates are community members entrusted by tokenholders to participate actively in governance on their behalf. They review proposals, engage in governance discussions, and cast votes using delegated voting power while acting in the best interests of the House of Stake ecosystem.

Their key responsibilities include:

• Evaluating proposals and their potential impact on the ecosystem.
• Participating in governance discussions and providing informed feedback.
• Voting on proposals using delegated voting power.

Delegates are accountable to the tokenholders who delegate to them:

• Delegations are voluntary and may be changed or withdrawn by tokenholders at any time.
• Delegates have no executive or operational authority unless separately appointed to another governance body.
• Their role is limited to governance participation and voting; implementation of approved proposals is carried out by the appropriate operational bodies.

Note: As of April 5th, 2026, the special endorsed delegate role has been paused at House of Stake.

All Voters and Delegates are required to act independently and in good faith in accordance with the Constitution, Code of Conduct, and Conflict of Interest Policy. This includes disclosing and appropriately managing conflicts of interest when participating in governance.

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Disclaimer: This document is for informational purposes only and does not constitute investment advice, a solicitation, or an offer to buy or sell any token. Governance structures and processes described herein are subject to change.