​​​​​​ Multisig. EYWA Governance Dear users! Multisig EYWA | 🇬🇧 EYWA Announcements

​​​​​​ Multisig. EYWA Governance

Dear users!

Multisig EYWA is a crucial part of the project and a key criterion for decentralization. In this post, we will provide you with the latest news about EYWA's multisig and its participants!

The multisig controls critical protocol parameters. It defines all the key smart contract settings, such as the active limits in the bridge. Limits act as a protective mechanism: for each token, we set our own limits that restrict the number of tokens the bridge can mint.

Additionally, the multisig establishes connections with smart contracts and can update versions, allowing for the deployment of new contracts. All smart contracts in the protocol are non-upgradeable, meaning they cannot be modified.

EYWA utilizes two multisigs: one, as mentioned earlier, determines the key parameters, while the second multisig operator defines the most frequently changed and dynamic settings, which are fully under the control of the EYWA Team.

The main multisig consists of EYWA Team members and external authoritative individuals and organizations. Currently, there are three members from the EYWA Team, as well as the CEO of Curve Finance, the CTO of RSquad, the CBDO of Rock'n'Block, and the Founder of SmartState. A decision is considered accepted if it has been signed by 5 out of 7 participants.

If you would like to learn more about EYWA's multisig, we recommend reading our documentation!

Best regards,
EYWA Team