Content pfp
Content
@
0 reply
0 recast
0 reaction

Merlin Egalite pfp
Merlin Egalite
@merlinegalite
Who better to protect Morpho Vault users than the depositors themselves? ​ That's what @aragon has enabled; Morpho Vaults with mini DAOs run by depositors. ​ Many risk curators such as @steakhousefi, @llamarisk, @re7, and @mevcapital have already integrated this trustless setup. ​ But how does it work? ​ Roles in Morpho Vaults ​ A Morpho vault has 4 different well-scoped roles: - The owner, is the highest role in the hierarchy and can do what the curator and allocators can d - The curator, can list and remove markets from the whitelist - The allocators, can reallocate liquidity based on market conditions - The guardian, is the counter-power of the owner & curator roles and is here to protect users from malicious behaviors of those ​ Timelock ​ A timelock is in place for any action the curator or owner can take that might increase a user's risk exposure. This delays the time between when the curator proposes an action (such as listing a new market) and when it can be executed.
1 reply
1 recast
12 reactions

Merlin Egalite pfp
Merlin Egalite
@merlinegalite
The Guardian ​ During this timelock period, the guardian can: - Revoke a pending new timelock. - Revoke a pending guardian (which means it can revoke any attempt to change the guardian). - Revoke a pending cap of any market. - Revoke a pending removal of any market. ​ The guardian can be set to any address or smart contract. Obviously, it will protect users effectively only if it remains incorruptible and aligned with the interests of vault users. ​ This is where Aragon comes into play. ​ Aragon Setup On Aragon, one can create custom DAOs onchain using OSx: "The Aragon OSx protocol is the foundation layer of the new Aragon stack. It allows users to create, manage, and customize DAOs in a way that is lean, adaptable, and secure."
1 reply
0 recast
1 reaction