The Token
Travessia Credit is governed by a dedicated governance token, $TVA.
The Travessia token exists to coordinate protocol scope, risk boundaries, and long-term evolution. It does not participate in yield generation and does not represent ownership of underlying assets or off-chain businesses.
$TVA is designed to govern what the protocol is allowed to do, not how individual transactions are executed.
Purpose of the Governance Token
Travessia routes capital into real-world essential industries. Decisions about where capital is allowed to flow carry long-term risk implications.
The purpose of $TVA is to decentralize and formalize those decisions.
Token holders act as stewards of protocol scope, ensuring that Travessia remains disciplined, conservative, and aligned with its mission of financing essential economic activity.
Industry-Level Governance
The primary function of $TVA governance is approving which essential industries the protocol is permitted to finance.
Examples include, but are not limited to:
agriculture and grain markets
fuel and energy logistics
critical transportation infrastructure
other non-discretionary, real-world industries
Governance decisions occur at the industry level, not at the transaction level.
Token holders do not approve individual trades, counterparties, or execution strategies. Instead, they determine whether an entire category of economic activity is appropriate for the protocol.
Once an industry is approved, specific vaults and operators within that industry may be proposed according to protocol rules.
Vault and Operator Scope
In addition to industry approval, governance may be used to:
approve or sunset vaults
set exposure limits by industry
restrict or pause new capital inflows
define eligibility standards for operators
These controls ensure that growth remains intentional rather than reactive.
Protocol Evolution and Upgrades
$TVA governance coordinates protocol upgrades and evolution over time.
This includes:
enabling new vault architectures
approving receipt token designs
integrating on-chain liquidity mechanisms
authorizing contract upgrades within defined constraints
Governance exists to guide protocol evolution without compromising capital safety or execution discipline.
Emergency and Risk Controls
In extreme circumstances, governance may be used to:
pause deposits into specific vaults
halt new deployment cycles
initiate emergency review processes
These controls exist as safeguards rather than tools for routine intervention.
Potential Future Governance Extensions
As Travessia matures, additional governance responsibilities may be introduced, subject to community approval and clear documentation.
Any future extensions would remain aligned with the protocol’s core principles and may include:
expanded oversight of risk frameworks
coordination of cross-vault or cross-industry constraints
participation in the evolution of transparency and reporting standards
other governance functions that strengthen protocol integrity
No additional utility is implied unless explicitly defined, implemented, and approved through formal governance processes.
What the Token Does Not Do
$TVA is intentionally limited in scope.
The token does not:
receive protocol yield or fees
boost user returns
represent equity or ownership
control day-to-day operations
influence real-world execution decisions
Yield generated by Travessia flows exclusively to capital providers through vault mechanics. Governance remains separate from economic output.
Governance at Launch
At launch, governance scope is intentionally narrow.
Early governance focuses on:
industry approval
vault scope
high-level protocol constraints
As the protocol matures, governance capabilities may expand in a measured and transparent manner.
Alignment and Long-Term Vision
$TVA aligns long-term stakeholders around a single objective: maintaining a conservative, transparent, and durable real-world credit system.
As Travessia expands into additional essential industries, governance becomes the mechanism by which the community protects protocol integrity and resists scope drift.
The value of governance lies not in short-term incentives, but in long-term credibility.
Summary
The Travessia governance token exists to define boundaries.
It governs which industries the protocol may finance, how far it may expand, and under what constraints it may evolve.
By separating governance from yield and execution, Travessia preserves discipline while enabling decentralized oversight of real-world credit infrastructure.
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