Governance
Increment begins with centralized admin control of the money market protocol, including:
- Tuning InterestRateModel
- Running decentralized oracle nodes
- Configuring per-market risk parameters such as data source weight, collateralFactor, borrowCap, liquidationPenalty, etc.
- However, admin has no right to transfer or drain pooled fungible tokens.
The goal is to finally grant full community control (DAO) of:
- The ability to add / suspend a fungible token market
- The ability to update InterestRateModel for each market
- The ability to vote, whitelist, and incentive outer oracle nodes which maybe run by other projects, community developers, etc.
- The ability to change per-market risk parameters
- The ability to reduce market reserve and determine its usage
We believe that move fast in the first place while being transparent to reach progressive decentralization is the best practice.
Last modified 1yr ago