ETHx Governance

The following three entities control operations and critical decisions associated with ETHx smart contracts.

1. The Community multisig

The Community multisig is a 6-of-9 that includes notable members of the Ethereum community. They act as guardians, maintaining an observant role over the ETHx protocol, with the capacity to unpause and upgrade contracts via a time lock set with a minimum delay of 7 days, a responsibility mainly employed during emergencies. The community multisig also can rotate the Manager and Operator addresses.

Community multisig contract address: 0x45B977CeCB9Dfaa17dFcBa88826ef684b8489fF6

Members include:

  1. Mark Zeller: Active ETH community member. Member at Aave DAO

  2. DefiDad: Active Web3 community member

  3. Ignacio Iglesias Castreño: Co-founder at Stakely, blockchain network infrastructure provider

  4. Edouard Lavidalle: Co-founder at Stakin, blockchain network infrastructure provider

  5. Pratik Agarwal: Accel Partners, Global VC fund

  6. Richard Galvin: CEO at Digital Asset Capital Management

  7. Steven Shi: Investment Partner at Amber Group

  8. Matt Batsinelas: Founder at Glass Markets

  9. Amitej Gajjala: Member at Stader DAO

2. The Manager multisig

The Manager multisig is a 3-of-5 and is tasked with maintaining the protocol's overall health. It can pause contracts in emergencies and adjust associated configuration parameters. All key decisions will be subject to DAO vote, with the manager multisig being responsible for subsequent execution. This multisig is expected to be used infrequently.

Manager multisig contract address: 0xAAfb31780e4b9c95Bc920e388f4925A874cd07AF

3. The Operator

The Stader team controls the Operator role, and its primary responsibilities include overseeing the health of the ETHx node operator network, implementing node configuration changes and managing validator exits.

Operator Address: 0x8F30DDC8dFb07055AFA02D44a8A4e25C0542737E

Together, these entities form a governance structure that oversees decision-making & operations in the ETHx ecosystem. Their collective efforts prioritize transparency, accountability, and a careful balance of oversight, control and flexibility.

Our vision for the future involves transitioning towards complete on-chain governance, enabling SD and ETHx holders to actively propose and implement protocol changes. This evolution towards community governance offers an exceptional opportunity to foster decentralized decision-making, promote inclusivity, and cultivate an open ecosystem that embraces adaptability and continuous evolution.

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