Parameters
Overview of governance parameters.
[PARAMETERS PAGE IS UNDER DEVELOPMENT AND WILL BE UPDATED SOON]
At the time of launching governance, DYDX holders have immediate and irrevocable control over:
    Allocation of the community treasury
    New token listings on the Protocol
    Risk parameters for the Protocol
    Capital allocations to market makers in the liquidity staking pool
    Addition of new market makers to the liquidity staking pool
    Determining safety staking pool payouts in the event of a loss
    Changing any of the rewards and pools existing at launch
    The governance contracts themselves
dYdX Governance has control over the parameters of the following contracts:
    Timelock
    Priority Timelock
    Governor
    DYDX Token
    Treasury
    Merkle Distributor
    Liquidity Staking
    Safety Module
    Stark Proxy
    Stark Perpetual

Timelock Parameters

Governor Parameters

Parameter
Description
Value
Voting Delay
Delay (in blocks) between proposal creation and voting on the proposal
6,570 blocks
Add Executor role
Address that can add new executors
Short Timelock
Owner role
Can change strategy / voting delay / unauthorize executors + owns other roles
Long Timelock

DYDX Token

Parameter
Description
Value
Owner
Can mint DYDX tokens after mint restriction
Short Timelock

Rewards Treasury Parameters

Parameter
Description
Value
Owner
Can approve or transfer any token held by the treasury
Short Timelock
Proxy Admin
Can upgrade the contract
Short Timelock

Community Treasury Parameters

Parameter
Description
Value
Owner
Can approve or transfer any token held by the treasury
Short Timelock
Proxy Admin
Can upgrade the contract
Short Timelock

Merkle Distributor

Parameter
Description
Value
Owner role
Can update the rewards oracle address, update the IPNS name, and is admin of all roles
Short Timelock
Config updater role
May set rewards parameters, change the epoch schedule, or change the IPFS update period
Short Timelock
Pauser role
Can pause updates to the merkle root
Merkle-pauser Timelock
Unpauser role
Can unpause updates to the merkle root
Short Timelock
Claim operator role
May claim rewards on behalf of a user
Claims Proxy
Interval
Length of an epoch
28 days
Offset
Start of epoch zero
August 3rd 15:00 UTC 2021
IPNS name
IPNS name where rewards data is published
rewards-data.dydx.foundation
IPFS update period
Period of time after the epoch end after which the new epoch exchange statistics should be available on IPFS via the IPNS name
3 minutes
Proxy Admin
Can upgrade the contract
Short Timelock

Liquidity Staking

Parameter
Description
Value
Owner role
Admin of all roles
Short Timelock
Epoch parameters role
May set epoch parameters such as the interval, offset, and blackout window
Short Timelock
Rewards rate role
May set the emission rate of rewards
Short Timelock
Borrower admin role
May set borrower allocations and allow/restrict borrowers from borrowing
Short Timelock
Claim operator role
May claim rewards on behalf of a user
Claims proxy
Stake operator role
May manipulate user's staked funds (e.g. perform withdrawals) on behalf of a user
Short Timelock
Debt operator role
May decrease borrow debt and decrease staker debt
Short Timelock
Interval
Length of an epoch
28 days
Offset
Start of epoch zero
August 3rd 15:00 UTC 2021
Blackout window
Length of the blackout window
14 days
Rewards emission rate
Tokens allocated to stakers as rewards per second
0.1585489619 * 10^18 (in wei)
Borrower allocations
Percent of funds allocated to each borrower
Wintermute 25%, Amber 25%, Sixtant 20%, Kronos 20%, DAT Trading 10%
Proxy Admin
Can upgrade the contract
Short Timelock

Safety Module

Parameter
Description
Value
Owner role
Admin of all roles
Short Timelock
Slasher role
Can slash staked token balances and withdraw those funds
Short Timelock
Epoch parameters role
May set epoch parameters such as the interval, offset, and blackout window
Short Timelock
Rewards rate role
May set the emission rate of rewards
Short Timelock
Claim operator role
May claim rewards on behalf of a user
Claims proxy
Stake operator role
May manipulate user's staked funds (e.g. perform withdrawals) on behalf of a user
Short Timelock
Interval
Length of an epoch
28 days
Offset
Start of epoch zero
August 3rd 15:00 UTC 2021
Blackout window
Length of the blackout window
14 days
Rewards emission rate
Tokens allocated to stakers as rewards per second
0.1585489619 * 10^18 (in wei)
Proxy Admin
Can upgrade the contract
Long Timelock

Stark Proxy

Parameter
Description
Value
Owner role
Can add/remove recipients who receive funds + STARK keys, set ERC20 allowances on liquidity staking and stark perpetual contracts, call forced actions, and is admin of owner + delegation admin roles
Market Maker
Delegation admin role
Is admin of borrower, exchange operator, and withdrawal operator roles
Market Maker
Borrower role
May call borrow functions on the liquidity staking contract
Market Maker
Exchange operator role
May call exchange functions on the stark perpetual contract
Market Maker
Withdrawal operator role
May withdraw funds in excess of the borrowed balance to an allowed recipient
Market Maker
Guardian role
May perform close actions, perform force actions if borrower has overdue debt, restrict open actions with borrowed funds, and approve a token amount to be withdrawn externally by the withdrawal operator role.
Short Timelock
Veto guardian role
May veto forced trade requests initiated by the owner, during the waiting period
Merkle-pauser timelock

Stark Perpetual

Parameter
Description
Short Timelock Executor
Merkle-Pauser Executor
Long Timelock Executor
Starkware Executor
Add new asset
N
N
N
Y
Change configuration of existing asset
N
N
N
Y
Proxy admin
N
N
N
Y
Add operator
N
N
N
Y
Remove operator
N
N
N
Y
Add verifier
N
N
N
Y
Remove verifier
N
N
N
Y
Last modified 2mo ago