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Governance

warning

Mustang Finance currently has no governance token available. Please be cautious of scams.

Governance do NOT have the power to:

  • Mint new MUST or control user Troves.
  • Upgrade the protocol contracts.
  • Change the split or behavior of protocol interest payment fees.

Governance does have the power to:

  • Add and remove collateral types with a timelock.
  • Update the over-collateralization requirements with a timelock.
  • Turn governance power over to a new system with a timelock.
tip

Timelock means that these changes must be submitted transparently onchain, but do not come into effect until a certain amount of time has passed. The default timelock period is 7 days.