Notes on Reserve - Risks of decentralized governance and how Reserve mitigates them

Описание: In this video, we dive into the nuanced challenges of on-chain governance, illuminated by the $182 million Beanstalk Dao incident. How does Reserve combat these challenges? Introducing 'Governor Alexios', modeled after OpenZeppelin's framework. It ensures a thorough and transparent protocol change procedure, from proposal creation to final execution, with time windows set for threat detection. Who's at the helm? The RSR stakers. Their capital at risk makes them vigilant monitors of relevant protocols, with the power to tweak the RToken's backing assets when needed. But there's more – four distinct security roles, from the Pauser to the Guardian, each with its own authority, yet all held accountable to the RToken Governors. As the debate rages on decentralized upgradability in the crypto world, Reserve finds a balanced approach, marrying the ethos of decentralization with the flexibility of upgrades.

Curious about how Reserve crafts a secure and decentralized future for asset-backed currencies? Dive deeper with us at blog.reserve.org and join our Discord for rich discussions (  / discord  .