Governance
Manages protocol-wide configurations
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Manages protocol-wide configurations
The community DAO is in charge of managing governance. It has the ability to perform maintenance functions and parameter adjustments to the protocol via decentralized voting, including:
Deploying and upgrading pools
Changing protocol configurations and parameters
Pausing protocol activity in the event of an emergency
Anyone can participate in governance by making proposals, discussing them, and participating in Snapshot votes.
This is a place where community members can make and discuss proposals.
The governance council of Isle has been set up to execute on-chain transactions on behalf of the results of community votes. The Isle Council is a 3-of-5 multisig with 5 members representing all stakeholders participating in the protocol.
Members of the governance council will be released after the protocol launches officially.
These are the list of parameters that will be managed and set by the governor
maxCoverLiquidation: the maximum liquidation of the pool admin's cover in the event of a default (e.g. 10% means the protocol liquidate at most 10% of the pool cover at the event of a default)
minCover: the minimum pool cover size required for the pool
poolLimit: The maximum size of the pool
isReceivableAsset: a whitelist of valid receivable assets
isPoolAsset: a whitelist of valid pool assets
isPoolAdmin: a whitelist of valid pool admins
isleVault: address of the Isle vault
protocolFee: the global fee as a percentage of interest earned
Emergency pausing
contractPaused: whether the contract is paused
isFunctionPaused: whether the function of a contract is paused
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