Considering the importance of timing in certain situations, this category was recently brought to Paraswap Governance and aims to prepare the DAO for any potential emergency action that might have to be done.
Scope: User funds are at risk
Actions: Immediate intervention by pausing the system, then a community discussion + PEP 24h vote time for further actions. Since the admin rights are held by the Paladin Core multisig at the moment, only the Core Team will be able to pause the contracts and should release a postmortem on the forum.
However, we could consider electing a Governance committee to take this function and further decentralize the protocol ownership in the future.
Scope: Risk on protocol economic activity (eg: Bug on Warden allowing to keep a boost after the renting period, bug on Quest allowing to be in several ones at the same time etc, or any economic attack/exploit possible)
Actions: 6-12h feedback emergency on the discord/forum then PEP 24h vote time. If the attack happens 24h before the distribution, the reaction should be immediate and follows the same process as Tier-1. The action should be to pause the compromised module only, if possible. A post mortem is also needed in this case.
- Admin: Team multisig
- Quorum: 5% of the hPAL total supply
- Voting duration: 1 day