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How to participate in Lumena’s futarchy governance markets.

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Voting means trading

In Lumena’s governance, voting means taking a position in a decision market. When a proposal is live, you can trade in either of two markets:
  • YES market: you believe this proposal will increase the project’s value if passed
  • NO market: you believe this proposal would decrease the project’s value and should be rejected
Market prices reflect aggregate belief about each outcome. A YES market trading significantly higher than NO signals strong support. The outcome with the higher price at proposal expiry is executed.

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Why this is different from normal voting

In conventional DAO governance, voting is free. You can vote on proposals you haven’t read, or vote strategically against things that would benefit the protocol. There is no accountability for being wrong. In futarchy, every position costs capital. If you vote YES and the proposal passes but proves harmful, your position loses value. If you vote NO on something beneficial, you miss the upside. Your interests are tied directly to the accuracy of your prediction — which is exactly the point.

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Abstaining

You can abstain from any proposal by not participating in either market. Your holdings are unaffected. Abstaining carries no penalty and is always an option.