Emergency Pauses

What is Emergency Pauses about?

Emergency Pauses are carried out by the Emergency Administration Council to execute an Emergency Pause of the system. Emergency Pauses may be deemed necessary for a number of possible reasons, including:
  • Attacks against the system are identified
  • Issues pertaining to a specific oracle are identified
  • Stoppage of certain Oracle-based pairs (ie community does not want to support it)
  • System upgrades
Emergency Pauses can be done on the entire system or on certain parts of the system. Following are the parameters of an Emergency Pause:
Type of Pause
* Full: Pauses entire OPENSWAP platform
* Pair: Only pauses a specific pair (note need to enter additional parameter)
  • Pair (If Type = Pair)
When an Emergency Pause is executed, the following will happen:
  1. 1.
    When an Emergency Pause is executed, the following will happen:
  2. 2.
    Once the Cooldown Buffer period passes, then withdrawals of the affected pair(s) will be enabled so that Liquidity Providers can withdraw funds.
  3. 3.
    The system will stay in this state until a Restart Proposal is executed

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Last modified 3mo ago