DAO

The Orbit Protocol is governed by a Decentralized Autonomous Organization (DAO) implemented through Soroban Governor. The DAO exercises control over the protocol by managing an admin contract that interfaces with core protocol components.

Governance Structure

Soroban Governor Integration

Soroban Governor serves as the protocol's governance layer, allowing token holders to:

• Create and vote on proposals

• Manage protocol parameters

• Control protocol upgrades

The Governor has direct authority over the admin contract, which acts as the execution layer for governance decisions.

Administrative Control

Admin Contract Interface

fn initialize(e: Env, admin: Address, treasury: Address, bridge_oracle: Address)
fn new_stablecoin(e: Env, token: Address, asset: Asset, blend_pool: Address, initial_supply: i128)
fn update_supply(e: Env, token: Address, amount: i128)
fn set_pegkeeper(e: Env, pegkeeper: Address)
fn set_oracle(e: Env, oracle: Address)
fn set_admin(e: Env, admin: Address)
fn upgrade(e: Env, new_wasm_hash: BytesN<32>)
fn upgrade_treasury(e: Env, new_wasm_hash: BytesN<32>)
fn upgrade_bridge_oracle(e: Env, new_wasm_hash: BytesN<32>)

Governance Capabilities

Through the admin contract, the DAO can manage:

1. Stablecoin Management

   • Create new stablecoins

   • Configure initial parameters

   • Adjust stablecoin supply

   • Manage Blend pool integration

2. Protocol Configuration

   • Set and update Pegkeeper

   • Configure oracle sources

   • Manage administrative access

   • Control contract upgrades

Governance Process

Proposal Creation

1. Community members submit proposals through Soroban Governor

2. Proposals specify admin contract functions to be called

3. Parameters and expected outcomes are defined

Voting

1. Token holders review proposals

2. Votes are cast according to Governor rules

3. Results are tallied transparently

Execution

1. Approved proposals are queued

2. Governor calls admin contract functions

3. Changes are implemented

Future Developments

We are still working on the token economics and voting powers of the DAO