Interfold launched on-chain governance with private voting via secret-ballot system for token holders.
Regulation & Gov ·
Interfold has activated its on-chain governance system, enabling FOLD token holders to participate in network decisions through a secret-ballot mechanism. The platform is built on Aragon OSx and uses a system called CRISP to implement receipt-free voting, in which individual ballots remain encrypted during tallying within an Encrypted Execution Environment and only the aggregate result is revealed. The first governance action underway is a community vote on ratification of the Interfold Constitution, followed by a proposal on Genesis Ciphernodes, a program to support ciphernode operators during Network Alpha.
Voting power derives from committed FOLD, with 1 FOLD equaling 1 vote. Token holders must lock and delegate their FOLD before a proposal launches for their balance to count; simply holding FOLD in a wallet does not grant voting power. Creating a proposal requires at least 12,000 FOLD of active voting power, and any non-Foundation holder with committed FOLD is eligible to vote. A snapshot of voting power is taken when each proposal is created.
The secret-ballot design aims to prevent vote coercion and buying by masking genuine vote updates so that observable activity cannot reliably prove how an individual voted. Details on voting parameters and proposal lifecycle are documented in Interfold's governance documentation, though the mechanics of verifiable tallying without a centralized operator remain under development.