Governance & Alignment

Governance Parameters

The protocol is designed with minimal governance. These will be controlled by STRAT holders in the medium term. At launch, this will the the STRAT core team. The medium term plan is for this council to be voted in by STRAT holders.

They will control (with apprioriate timelocks)

• Bond Control Values (BCV) for long and short bonds

• Timelock for Long and Short Bonds

• Emergency Bonding Pause

• Enabling new protocol features

• changing yield allocations for ETH holdings that back debt

Protocol Foundation

Further to the above, on launch the protocol itself will have a foundation seeded with a ladder of out of the money options on STRAT and some ETH.

These will be used by the founding team to cement and build early partnerships, and for the ongoing development and improvement of STRAT protocol and periphery as needed.

The medium term plan is for this to be imbued in a BORG or similar. The exact governance mechanics are yet to be decided, and we expect will take shape over public discourse post protocol launch.