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Governance & PolicyOps & Treasury Multisigs

Ops & Treasury Multisigs

Governance of the Panoptis-Swap protocol is ultimately controlled by the DAO multisigs. There are two primary multisig authorities, ops multisig and treasury multisig.

Ops multisig is meant for the day-to-day administration of the protocol. Ops has a restricted set of power, but more flexibility and speed. Ops multisig combines a Gnosis Safe behind a 12 hour timelock. Abilities of the ops multisig include:

  • Set and revise pool parameters (e.g. liquidity fees, tick spacing, JIT thresholds, etc.)
  • Initialize new pool type templates
  • Set, turn on or turn off the protocol fee
  • Set the sub-tick size price improvement token size threshold
  • Set the minimum liquidity commitment for newly initialized pool types.
  • Install policy oracle conduits with any power the ops multisig has.

Treasury multisig is reserved for more serious administrative actions. However it requires a higher degree of commitment and longer delay. Treasury multisig combines a Gnosis Safe behind a 5 day timelock. In addition to the standard ops multisig powers, the treasury multisig can also:

  • Upgrade the code in the DEX contract
  • Transfer authority of the DEX to a new policy controller contract
  • Collect the accumulated protocol fees in the DEX
  • Forcibly uninstall a policy oracle before its expiry time
  • Forcibly convert a permissioned pool to a permissionless pool (in case of misbehaving permission oracle)

Treasury Multisig

Treasury multisig is currently implemented as a 2-of-3 Gnosis Safe behind an OpenZeppelin timelock. The signers on the safe are three independent members of the project

  • @0xdoug
  • @miyuki_eto
  • @benwolski

The timelock is currently set to a delay of 2 days

The contracts are available here:

  • Gnosis Safe - 0xDBD8D583a18C99e7f5191351E6E739AF8e62DaC3
  • Timelock - 0x7237C120FCA2081f1A36AB933B065389174962B7

Ops Multisig

Ops multisig is currently implemented as a 2-of-3 Gnosis Safe behind an OpenZeppelin timelock. The signers on the safe are three independent members of the project

  • @0xdoug
  • @miyuki_eto
  • @benwolski

The timelock is currently set to a delay of 2 days

The contracts are available here:

  • Gnosis Safe - 0x9fACdcfb3b58D85d0440aF292D64480Ad2503A6e
  • Timelock - 0x41114A13230625A2735FaA7183e528Ed2538cB7b
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