eBTC's Minimized Governance Framework

Transparent governance mechanisms facilitate community involvement in decision-making processes.

As such, eBTC implements a Minimized Governance system, aimed at enhancing trustlessness and censorship resistance. This governance framework preserves the core properties of the protocol as immutable, while granting token holders delegated authority to adjust less critical parameters.

By employing this approach, we achieve the modification of select system parameters without compromising user trust assumptions, ensuring resilience, future-proofing, and security.

Subsequently, we categorize components into two types: Governable and Ungovernable.

The parameters and features below define the rules and terms under which users interact with the system. Any alterations to these would impact active users’ positions and violate the core principles of trustlessness and self-custody.

The parameters and features below are preserved in order to strengthen the stability, security and scalability of the system.

Now, how do changes in governable parameters take place? Via two timelock contracts to ensure a secure, transparent and structured approach. Learn how they work here.