Governance

Ethereum mainnet address: *TBD*

Governance

To participate in on-chain governance, it is necessary to acquire a balance of sZERO. Holding a balance of ZERO does not enable voting privilege by itself.

Governance contracts are derived from and implement the same interface as the OpenZeppelin governance framework. A full API description is available here:

https://docs.openzeppelin.com/contracts/4.x/api/governance

Transactions originating from on-chain governance are permissioned to liquidate collateral. A successful liquidation transaction from the governance address to the ZEROFROST contract will snapshot the price distribution of wrapped assets, factory up new wrapped asset contracts, and provide wrapped asset holders to redeem compromised wrapped assets for their proportional value in stETH/rETH collateral. The ZERO network will enter a recovery state where it will attempt to DKG a new FROST ring as a new group of signers bond ZERO and their choice of collateral.