Executive Proposals for Parameter Changes

How can the community make Parameter Changes?

When OSWAP holders or the OpenSwap Risk committee obtain a consensus on a type of action (through a Poll Proposal) pertaining to the change of a specific ecosystem parameter, an Executive Proposal for a parameter change is created.

System parameters will have a scope where certain ones may only apply to a specific profile. There are three types of profiles:

  1. Executive Proposal used to modify system parameters

  2. Executive Proposal used to create new Oracle Pair with an adapter (may have lower create vote requirements to encourage new pairs)

  3. Poll Proposals used to gather community consensus on any topic. (minExeDelay, minQuarum do not apply)

Following is a list of parameters that can be changed:

Parameter

Scope

Detail

Default Value

setMinStakePeriod

Global

Minimum duration of stake required before OSWAP tokens is eligible to participate in governance to create proposals and vote. This value cannot exceed 30 days.

7

setProtocolFee

Global

Protocol fee rate. Applies to all swaps. Value is expressed as a percentage of the swap fee. Given a swap fee of 0.3%, a value of 16.67% would yield a resulting protocol fee of 0.05%.

0.01%

setTradeFee

Global

Swap fee rate for all swaps. Note that the share received by Liquidity providers = SwapFee - ProtocolFee

0.2%

setProtocolFeeTo

Global

Recipient address for the protocol fee. If not set, the protocol fee will be disabled.

0xa4686bb2aE2aa1E803

21451552aD79099e9342D8

setMaxAdmin

Global

Maximum number of addresses in the Emergency Administrator Council

11

All ‘Executive Proposals’ operate in a binary:

YES: modify the system with the new parameter setting or

NO: keep the system with current settings.

Wish to learn more about OpenSwap's governance?

To interact with the OpenSwap governance portal, please explore the following link: https://www.openswap.xyz/#/governance

We encourage community members to partake in community discussions to help better shape OpenSwap's governance structure. Users may get in touch with core team members through joining the OpenSwap telegram group: https://t.me/openswapdex