Governance
An overview of Shell Protocol governance
Last updated
An overview of Shell Protocol governance
Last updated
The Shell DAO is the entity governing Shell Protocol. The Shell DAO is controlled by SHELL token holders via veSHELL.
By design, the Shell DAO has limited control over the core protocol, namely the Ocean smart contract. Here are some things it cannot do:
It cannot manipulate or confiscate user assets (Shell is 100% non-custodial)
It cannot freeze the protocol (users can always withdraw their assets at any time)
It cannot block new primitives or adapters from connecting (anyone can build and deploy on Shell)
is the protocol's governance token. In order to vote or delegate votes in the DAO, users must hold , which is vote-escrowed SHELL (aka staked SHELL).
At this time, . Successful votes that require on-chain actions are executed by the .
For a deep dive, .
: Community polls are conducted on Snapshot using the Government Toucan NFT, a "proto-governance" token.
: The sole purpose of this DAO was to administer airdrops from other projects to the Shell community.
