Governance

Aside from the traders or liquidity providers who use and interact with the protocol, there are other roles in the system that are crucial in shaping the maintainability and stability of Increment, listed below:
Governance: 0xcce2065c1DC423451530BF7B493243234Ba1E849 [This is the address of the on-chain governor, which would become the governance address once the protocol is deployed]
The governance address is owned by the Increment community that governs the protocol, it can perform the following actions:
Add a trading pair to the list of supported markets with the allowListPerpetual function.
Set key protocol economic parameters.
Add a new token to the list of allowlisted ERC20 tokens which can be used as collateral.
Remove some of the insurance funds collected when traders open/extend positions with the removeInsurance function. It's important to note that the insurance amount must be above the insurance ratio of the TVL in the vault to allow governance to withdraw funds. The insurance quota measures the percentage of TVL that should be held in insurance reserves and can be changed by governance.
Emergency Admin: [To be determined]
The Emergency Admin address will be owned by a multisig, which is made up of several core contributors and stakeholders of the Increment protocol. It can solely perform the following three actions:
Put the protocol (or a single perpetual market) on pause if it's active (with the pause function) or unpause it if it's locked (with the unpause function).
Pause or unpause the opening of trading positions with the toggleTradingExpansionPause function. This does not have any affect on closing or reducing trading positions nor liquidity provision positions.
Curve's CryptoSwap markets on which Increment relies to operate sometimes generate "dust" during swaps. Dust describes very small amounts of market tokens that can't be swapped in the pool, e.g. 2 or 3 units of vUSD. These dust amounts are collected by the protocol. sellDust is the function by which the manager can sell the collated dust amounts on the market.
Additional details on the governance and emergency admin roles are listed in the tables below:
ClearingHouse Contract
Role
Method
Description
Emergency Admin
sellDust
Sell the accrued dust amounts on the market (a very small amounts of market tokens that can't be swapped
Emergency Admin
pause
Put the protocol (or a single perpetual market) on hold if it's active
Emergency Admin
unpause
Unlock the protocol (or a single perpetual market) if it's locked
Governance
setParameters
Set key protocol risk parameters such as min margin requirements, insurance ratio, etc. See the full list in economic parameters.
Governance
allowListPerpetual
Add a trading pair to supported markets
Governance
addStakingContract
Add a staking contract
Perpetual Contract
Role
Method
Description
Emergency Admin
pause
Put the protocol (or a single perpetual market) on hold if it's active
Emergency Admin
unpause
Unlock the protocol (or a single perpetual market) if it's locked
Emergency Admin
toggleTradingExpansionPause
Pause/unpause trading operations tapping into the liquidity (i.e. opening and extending positions)
Governance
setParameters
Set key protocol parameters such as sensitivity, insuranceFee, twap frequency, etc. See economic parameters.
Insurance Contract
Role
Method
Text
Governance
removeInsurance
Once the insurance reserve exceed a certain ratio of the TVL, the insurance fees can be withdrawn
Governance
setClearingHouse
Set new address of ClearingHouse contracts
Oracle Contract
Role
Method
Description
Governance
setOracle
Set or update an oracle address
Governance
setFixedPrice
Set a fixed price for an asset
Governance
setHeartBeat
Set or update the heartbeat of an oracle
Governance
setSequencerUptimeFeed
Set a L2 sequencer upTime feed
Governance
setGracePeriod
Set a grace period for the L2 Sequencer to come back up
Vault Contract
Role
Method
Description
Governance
addWhiteListedCollateral
Add a new token to the list of allowlisted ERC20 used as collateral
Governance
changeCollateralWeight
Change weight of a white listed collateral
Governance
changeCollateralMaxAmount
Change the maximum amount of tokens that can be deposited
Governance
setClearingHouse
Set the ClearingHouse address
Governance
setInsurance
Set the Insurance address
Governance
setOracle
Set the Oracle address

Role	Method	Description
Emergency Admin	sellDust	Sell the accrued dust amounts on the market (a very small amounts of market tokens that can't be swapped
Emergency Admin	pause	Put the protocol (or a single perpetual market) on hold if it's active
Emergency Admin	unpause	Unlock the protocol (or a single perpetual market) if it's locked
Governance	setParameters	Set key protocol risk parameters such as min margin requirements, insurance ratio, etc. See the full list in economic parameters.
Governance	allowListPerpetual	Add a trading pair to supported markets
Governance	addStakingContract	Add a staking contract

Role	Method	Description
Emergency Admin	pause	Put the protocol (or a single perpetual market) on hold if it's active
Emergency Admin	unpause	Unlock the protocol (or a single perpetual market) if it's locked
Emergency Admin	toggleTradingExpansionPause	Pause/unpause trading operations tapping into the liquidity (i.e. opening and extending positions)
Governance	setParameters	Set key protocol parameters such as sensitivity, insuranceFee, twap frequency, etc. See economic parameters.

Role	Method	Text
Governance	removeInsurance	Once the insurance reserve exceed a certain ratio of the TVL, the insurance fees can be withdrawn
Governance	setClearingHouse	Set new address of ClearingHouse contracts

Role	Method	Description
Governance	setOracle	Set or update an oracle address
Governance	setFixedPrice	Set a fixed price for an asset
Governance	setHeartBeat	Set or update the heartbeat of an oracle
Governance	setSequencerUptimeFeed	Set a L2 sequencer upTime feed
Governance	setGracePeriod	Set a grace period for the L2 Sequencer to come back up

Role	Method	Description
Governance	addWhiteListedCollateral	Add a new token to the list of allowlisted ERC20 used as collateral
Governance	changeCollateralWeight	Change weight of a white listed collateral
Governance	changeCollateralMaxAmount	Change the maximum amount of tokens that can be deposited
Governance	setClearingHouse	Set the ClearingHouse address
Governance	setInsurance	Set the Insurance address
Governance	setOracle	Set the Oracle address

Last modified 4mo ago