Protocol governance is done thru community-driven DAO. In the initial years, FrogPay will directly manage DAO through a multi-sig wallet.

DAO's primary responsibilities will include the following:

  • Updating smart contracts

  • Approving supported tokens

  • Configuring protocol parameters

  • Managing/Approving ID Issuers (for jurors, KYC etc)

  • Rewards and distribution of protocol profit

  • Intervention in money flow in case of emergency or compliance issue

  • A kill switch and recovery mechanism in the case of extreme events

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