Governance is managed by a community DAO and has the ability to perform maintenance functions and parameter adjustments to the protocol via decentralized voting, including:
- Upgrading contracts
- Changing protocol configurations and parameters
- Selecting Unique Entity Check providers
- Setting the rewards and distribution of GFI
- Pausing protocol activity in the event of an emergency
Anyone can participate in governance by making proposals, discussing them, and participating in Snapshot votes.
The Goldfinch Council has been set up to execute limited types of on-chain transactions based on the community Snapshot votes. The Goldfinch Council is a 6-of-10 multisig with 10 members who represent all stakeholders of the protocol: