# BOB DAO As the BOB stablecoin continues to gain traction a larger DAO is in early-stage formation. This DAO will be tasked with operations management and overseeing processes that require thoughtful deliberation. Since the protocol is upgradeable, there is an eventual need for an overarching and distributed governing body. All protocol management entities (Phase 1 and Phase 2) agree to uphold the following duties: ### **BOB Governance Fiduciary Duties** * Responsibility for the well-being of the organization and its assets. * Responsibility to act in the best interests of the organization above one's personal interests. * Responsibility to follow all regulations, rules, and guidelines including compliance and transparency. ### **Beta Phase 1** During phase 1 of beta, a 4-of-7 multisignature smart contract, known as the governance SAFE, is responsible for risk assessment and protocol management. This [governance SAFE](https://app.safe.global/matic:0xd4a3D9Ca00fa1fD8833D560F9217458E61c446d8/home) is comprised of members from the zkBob and [Blockscout](https://docs.blockscout.com/) teams. These teams have experience and an excellent track record with the xDai chain (now [Gnosis Chain](https://docs.gnosischain.com/)) and TokenBridge managing 200M+ in assets. A small multisig provides the ability to iterate quickly and immediately fix time-sensitive problems that arise during beta. ### **Post-Beta Phase 2** A decentralized autonomous organization (DAO) will be established to oversee important operations such as upgradeability, BOB minting, CDP management, timelocks, and other critical protocol decisions. Criteria for membership in the DAO is currently in review to ensure the inclusion of a dedicated and diverse group of projects and individuals. ### Community Discussion Upcoming proposals can be discussed on the [BOB forum](https://zkbob.discourse.group/). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://bob-docs.zkbob.com/bob-dao/governance/bob-dao.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.