Governance

Governance Powers

Community governance has the power to control the BLUS protocol's value accrual and distribution

• Set protocol fee rate after 180 days (up to 2.5%)

• Issue treasury grants

Governance can also perform these on-chain functions

• Set governor timelock

• Set timelock delay

• Set quorum minimum

• Cancel timelock executions

• Set proposal threshold

• Set voting period

• Set voting delay

Committees

To streamline certain operations, some of the activities of the DAO are governed by committees. The committees will work to progressively transfer their functions to governance over time.

Safety Committee

The Safety Committee ensures that BIPs follow the governance process outlined above. The Safety Committee will prevent proposals that haven't followed the proper process from passing.

Marketplace Committee

The Marketplace Committee facilitates upgrades to the BLUS marketplace and aggregator contracts, and executes policy decisions around highly dynamic subjects, such as royalties.

Incentive Committee

The Incentive Committee is tasked with incentive management for BLUS users. The Incentive Committee can utilize up to 10% of the Genesis Supply for incentive programs. The Incentive Committee may also loan out a portion of the budget to provide market liquidity for BLUS . If all of the incentive budget is utilized, more can be allocated to the Incentive Committee via governance.