Governance

Governance in BEX is administered through the CrocPolicy contract. Within this contract, there are three several governance roles:

• Operations

• Treasury

• Emergency

During the testnet, these roles are run by a BearFinance Foundation multi-sig wallet. At mainnet launch, these roles will be divided amongst multi-sig wallets, and BGT governance.

Operations​

The operations role is responsible for managing the day-to-day operations of the BEX protocol, and has a more limited scope of powers compared to the other roles. Its powers include:

• Enabling or disabling new pool types

• Setting protocol fees

• Set a minimum initial liquidity value for all new pools

Treasury​

The treasury role is the most privileged role within the BEX protocol. Its powers include:

• All the powers of the operations role

• Ability to upgrade BEX proxy contracts

• Collecting accumulated protocol fees

• Disabling or enabling the swap() hot path flag

• Disabling or enabling safe mode, which freezes all user activities and funds

Emergency​

The emergency role has all of the powers of the operations role, including the ability to disable or enabling safe mode, which freezes all user activities and funds.