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Governance board

The governance board executes community governance decisions through a 4-of-6 multisig; this page explains the current setup and keeps a short archive of past meetings.

Current setup

The board has six members: founders, advisors and community representatives. Its membership is unchanged since 2023, and it continues to meet. It controls a Safe multisig wallet with six signers, and any transaction needs 4 of the 6 to approve it.

Governance board multi-sig wallet address:

0xfb531d5602fC0953be047605c77a7d289729ea8a

View on Etherscan. The Safe has one module enabled, at 0xCFbFaC74C26F8647cBDb8c5caf80BB5b32E43134.

What the board does

  • Executes governance decisions. sBST holders vote on proposals on Snapshot; the board carries out the outcome through the multisig. Votes do not execute on-chain by themselves. See The voting process.
  • Administers the Snapshot space. The multisig is one of the admins of the blocksquare.eth space.
  • Decides on Regional Hub requests. New hubs submitted through the ambassador program go to the board for a decision.

The board's role is transitional. The goal is to move its powers to sBST holders through on-chain governance; there is no date for this yet. See the Decentralization plan.

Archive

The board published minutes of its meetings from March 2023 to April 2024. In short:

  • Exchange listings (2023): declined a Deepwaters listing (volumes not tracked by CoinMarketCap or CoinGecko), approved the MEXC listing, and engaged Gotbit for market making, including an allocation from the treasury for arbitrage between MEXC and Uniswap.
  • Pools (2023–2024): approved the Parking space project as the first property for community staking, approved the marketplace pools concept, and discussed lowering the minimum stake to start a marketplace pool and locking the BST:ETH liquidity position.
  • Community (2023–2024): backed the launch of Regional Hubs, discussed board attendance and adding members, and agreed to set up a public forum for discussing proposals before votes.
  • Rewards (April 2024): discussed the falling governance pool APY and agreed that changes to reward allocation should be announced to, or voted on by, the community.

Minutes after April 2024 were not published.

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Governance principles

The principles behind how decisions on the BST staking pools and protocol are made and communicated.

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Regional Hubs

Regional Hubs are local teams of ambassadors who grow the community around tokenized real estate in their city, country or region.

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