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. 1.
    Executive Proposal used to modify system parameters
  2. 2.
    Executive Proposal used to create new Oracle Pair with an adapter (may have lower create vote requirements to encourage new pairs)
  3. 3.
    Poll Proposals are 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
Last modified 3mo ago