Protocol Governance

During beta multisig SAFE (currently composed of a 4/7 risk-assessment team) is used to manage protocol upgrades and risk assessment. Updates are made for both the BOB stablecoin and the associated zkBob application

The 4/7 threshold was established with GP 0 and updated with GP 4. Protocol updates are handled through the SAFE. For more info on governance see the BOB DAO page.

In addition to inventory management, the beta governance team also proposes and completes protocol updates. Details regarding specific updates are linked below.

GP stands for Governance Proposal.

GP #PurposeTransaction

Increase SAFE multisig to 3/6.

Instantiate BobVault (BobSwap) for beta testing.

Upgrade Contracts to v1.0.0 based on Security Audit Findings.

Enable BobVault (BobSwap) for public use.

Increase Multisig to 4/7 and upgrade BOB on all networks

See GP 4 for txs on each network.

Enable BobVault (BobSwap) on Ethereum mainnet.

Upgrade zkBob to support direct deposits.

Increase multichain inventory and update BobSwap

See GP 7 for txs on each network

Extend pool limits for KYC'd users

Deactivate Kyberswap pairs (emergency measure)

See GP 9 for multi-network txs

Reallocate previous Kyberswap inventory

See GP 10 for multi-network txs

Add 24 hour timelock on Optimism

Raise Polygon limits

Launch BOB CDP

Migrate BOB pool on Polygon to USDC

See GP 14 for multiple txs

Add KYB-tier limits on Optimism

Remove excess inventory on BNB & Arbitrum

in process

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