🏛️Shell DAO Permissions

The Shell DAO has limited control over the protocol

The Shell DAO (and by extension the Shell DAO Multisig) has limited control over the protocol. It cannot manipulate or confiscate user assets (Shell is 100% non-custodial), freeze the protocol (users can always withdraw their assets at any time), or block new primitives or adapters from connecting (anyone can build and deploy on Shell).

Things the Shell DAO can do

Officially, there are only seven things the Shell DAO can do.

1. Raise or reduce the protocol fee (i.e. the unwrap fee on the Ocean) (maximum fee is 0.05%)

2. Change the protocol "owner" aka beneficiary to another wallet

3. Transfer tokens held in the DAO Treasury

4. Mint new SHELL tokens

5. Add/remove signers on the Shell DAO Multisig

6. Modify DAO voting procedures

7. Change the sole user followed by the Shell Protocol Twitter account