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Restructured from flat .tex/.pdf files into per-paper subdirectories. Added Antje Worring as co-author on all papers. Synced PDFs to pdfs/ for download site.
26 lines
918 B
TeX
26 lines
918 B
TeX
\section{Governance and Upgradability}
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\label{sec:governance}
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\subsection{Governance Structure}
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LLS is governed by a multi-sig DAO with the following powers:
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\begin{itemize}
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\item Adding/removing validators from the active set
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\item Adjusting fee splits (within bounds: total fee $\leq 15\%$)
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\item Setting the delegation cap and insurance target ratio
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\item Emergency pause in case of critical vulnerability
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\end{itemize}
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All governance actions are subject to a 48-hour timelock, allowing users to exit before changes take effect.
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\subsection{Upgrade Path}
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Contracts are upgradeable via a transparent proxy pattern with timelock. Major upgrades (changing core logic) require:
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\begin{enumerate}
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\item DAO proposal with 7-day voting period
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\item Supermajority (66\%) approval
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\item 48-hour timelock after approval
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\item External audit for changes exceeding 500 LOC
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\end{enumerate}
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