Overview

LSD Governance

A core component of the LSD Protocol is the ability to safely upgrade. This ability can be used by the token holders to vote in changes to the incentivisation structure around the protocol or to add, remove, or adjust peripheral functionality. (E.g. change lottery rate)

When the protocol launched there were no admin keys or any way to influence it without changes being actioned by a governance process. This made LSD a fully decentralised protocol from day one.

Types of Governance

There are two separate governance structures that that relate to the LSD protocol:

• On-Chain protocol governance which effects the mechanics of the LSD token

• Off-chain treasury governance which governs the funds set aside to foster the LSD community.