Opium Network
  • Opium Documentation
  • Introduction to Opium
    • What is Opium
    • FAQs
  • Restrictions
    • Restrictions
  • Security and Audits
    • Disclaimer
    • Audits
    • Bounty program
  • Governance
    • Decentralized setup
    • Governance flow
      • Proposal creating
      • Process of voting – technical description
    • $Opium governance token
  • For users
    • Opium.Finance
    • opium.exchange
  • FOR DEVELOPERS
    • Deployment Addresses
      • Opium Protocol v2
      • Opium Protocol v1
    • High-level overview
    • Opium Protocol V2
      • Core
      • Registry
      • SyntheticAggregator
      • OracleAggregator
      • OpiumProxyFactory
      • OpiumPositionToken
    • Opium Protocol V1
      • Core
      • Registry
      • TokenMinter
      • TokenSpender
      • SyntheticAggregator
      • OracleAggregator
      • Helpers
      • Interfaces
      • Common Errors
        • OracleAggregator Errors
        • Core Errors
      • oID - Oracle recipe
      • sID - Derivative recipe
      • EIP-2547: Composable Multiclass Token
    • Tutorials
      • OracleId examples
      • SyntheticId examples
      • End-to-end tutorial
    • Opium API
      • Subgraph V2
      • Subgraph V1
    • SDK
      • Opium V2 SDK
      • Opium Finance Pools SDK
      • Swap Rate SDK/API
  • Complex description
    • Glossary
    • Opium derivatives
    • Oracle and derivative recipes
    • Oracle and derivative registers
    • Opium margin
    • Opium swaps (TMtm)
    • Opium order books
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  1. Governance

Decentralized setup

The goal of the Opium team is to achieve full decentralization through the appropriate ecosystem. The framework was designed which combines financial incentives with decentralized governance mechanisms to achieve transparency, security and sustainability of protocol’s growth and development over time.

The Opium protocol is collectively governed by Opium token holders, who have the power to propose actions, vote on them and allocate funds to support selected initiatives. If the Opium Protocol codebase upgrade leads to the creation of additional parameters, they will also be controlled by the Opium DAO.

Governance setup of the Opium Protocol consists of:

  • Gnosis Safe (acts like a DAO) Snapshot (enables off-chain voting)

  • SafeSnap (a part that implements the code)

  • Supplemented with last resort Aragon DAO as a part of the on-chain voting

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Last updated 3 years ago

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