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The Governance module manages protocol upgrades and parameter changes.

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Contracts

AllocationVoting.sol

Farm allocation voting

Timelock.sol

Delayed execution

MinorRolesManager.sol

Non-critical role management

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Timelocks

TimelockPurposeDelay
ShortOperational changesShorter delay
LongCritical upgradesLonger delay

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Voting Power

liUSD holders vote on capital allocation with power determined by:
  • Locked iUSD amount
  • Unbonding period (diminishing returns formula)