@Samkazemian knock on wood, if the entire Frax core team

Question

@Samkazemian knock on wood, if the entire Frax core team

across different timezones becomes unavailable indefinitely, will frxGov have mechanisms in place for the continuation of the protocol? Or, if voted by veFXS holders, the dissolvement of the treasury assets, assuming frxGov is not strictly veto based?

With that being asked, LONG LIVE FRAX TEAM 😄

#cryptocurrency #english #frax

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20.04.2023

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Juan Samitier

Sam Kazemian ¤⛓️¤
frxGov will make the entire protocol trustless and...

How would the "veto" proces work?

0

09.08.2023

Sam Kazemian ¤⛓️¤ · Accepted Answer

frxGov will make the entire protocol trustless and also can live on without any of us if something were to happen to the core team. frxGov has 3 abilities, all done fully onchain: 1.) Veto any and all proposed transactions by the msig signers 2.) Replace any and all signers of the msig 3.) Propose any kind of transaction on AMOs to run the protocol without any msig signers at all Realistically #3 is not very practical since every single decision has to have a fully onchain veFXS vote that has to reach quorum so most likely frxGov will be the way new signers are added/removed and tx's vetoed. But to answer your question, yes after frxGov it is out of the control of any particular group of people. It's all veFXS holders onchain.

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@Samkazemian knock on wood, if the entire Frax core team

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