# Parameters Holders of Governance Tokens 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](https://github.com/dydxfoundation/governance-docs/tree/28153eacbdaafb32078630fafa7ad64f111ac9ab/voting-and-governance-process/parameters.md#timelock-parameters) * Priority Timelock * Governor * $ethDYDX Token * Treasury * Merkle Distributor * Liquidity Staking * Safety Module * Stark Proxy * Stark Perpetual ## Timelock Parameters ![](https://3406503310-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MeNfSkgj48hU0q8Zbjn%2Fuploads%2FduJNBcetFBk0KTiz16fg%2F1-initial-timelock-parameters.png?alt=media\&token=49e46870-b2dd-416b-b423-0a2c97202714) ## 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 | ## ethDYDX Token | Parameter | Description | Value | | --------- | ---------------------------------------------- | -------------- | | Owner | Can mint ethDYDX 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 | 3 days | | Rewards emission rate | Tokens allocated to stakers as rewards per second | 0 | | 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 | 3 days | | Rewards emission rate | Tokens allocated to stakers as rewards per second | 0 | | 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 |