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The Money God League
Ungovernance
Incentives
Contract Variables Translation
System Contracts
Proxy Infrastructure
Helper Contracts
APIs
Keepers
Governance Module
Tools for achieving consensus
Relevant smart contracts:
1. Overview
The Governance Module is a set of smart contracts that governance can use to modify and upgrade GEB.
2. Component Descriptions
DSPause- the pause contract enforces a delay between scheduling a transaction (coming from a multisig or a voting contract) and executing it.
3. Risks
Governance Attack
Malicious governance may want to extract all the collateral from the system or generate a high amount of debt that is not backed by collateral. There are two possible solutions to this problem:
- 1.Eliminate governance over most core system components (especially the ones that handle collateral balances).
- 2.Use
DSPauseand add a delay to every schedule governance proposal.
Smart Contract Bugs
- An attacker could bypass the
delayor, if the authorization logic is flawed, propose and execute transactions that were not approved by token holders or by a multisig.
4. Governance Minimization
The governance module is meant to be controlled by the community (with the use of protocol tokens) or by the core team (in the initial stages post launch). Governance minimization is done at the protocol level by removing or bounding human control.
Last modified 1yr ago