Security Council

The mission of the Security Council is to protect the protocol from threats and respond to emerging situations.

The Security Council is configured by the DAO to circumvent the normal (high-latency) governance process in the event of an emergency which allows the subDAO to primarily operate as an incident response function for the Network. For an action to be approved by the Security Council, the vote must be in favor 2 to 3.

The Security Council has the power to:

• block any governance proposals

• respond to an Operator failure

• remove validator keys that have not yet been funded

• set asset deposit caps

• set operator strategy share caps and validator caps

• set the security daemon

• set the validator proof uploader and key review period (min bound: 12 hours, max bound: 5 days)

• pause and unpause the protocol, including:

  • prevent future deposits into the protocol

  • prevent withdrawals from the protocol

  • block the ability for the protocol to be rebalanced

Initially, the Security Council will be empowered by a $RN tokenholder vote. The Security Council does not hold any funds.