>>> Go back to the main article: The Auxo Upgrade
⚠️READ ME: Details disclosed in this post are sensitive and subject to change during the course of the migration. Changes may include but are not limited to, adding decay functions, changing the staking options, updating timelines, and scope modifications.
Main changes introduced
- Enable on-chain governance and delegation: Governance now will be on-chain enabled, allowing for greater decentralization and greater control of the veAUXO holders.
- Protocol native Liquid staking: Native liquid staking functionality for xAUXO holders that opt-in to trade off rewards and voting power over liquid holdings.
- Aggregation of all locks into a single position: Easier and more cost-efficient staking management for the user and the DAO.
Before and After Models Comparison
veAUXO vs xAUXO Comparison
The Auxo governance will increase the degree of control that veAUXO holders have over treasury operations. veAUXO holders will be able to:
- Whitelist contracts and signatures
- Whitelist Operators
This is possible via on-chain voting, allowing veAUXO holders to whitelist contract addresses and contract signatures through transparent governance.
In AuxoDAO governance is designed around the resilience of operation and keeps the system trustless and decentralized. veAUXO holders serve different roles including but not limited to:
- Notarization & Transparency: Community voting is used as a subjective oracle to insure full transparency about how strategies are performing, together with information about how they’re set up, operated, and composed.
- Authorization and Access Control: veAUXO holders control the authorization layer of the Treasury by whitelisting contract addresses and contract signatures. This system allows only authorized transactions are executed by Treasury operators.
- Election of Treasury Operators: veAUXO holders can add and remove Treasury Operators at any time, decreasing operational risks and expanding governance capabilities.
- Issuing Liquidity Events: veAUXO holders have veto power to authorize or block new liquidity events.
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