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Governance principles

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

For every material governance decision, the community should get answers to these basic questions:

  • What decision has been made?
  • Why was that decision made?
  • Who is impacted by the decision?
  • When is the decision going into effect?
  • How can the community provide feedback and voice their opinion?

Founding Principles

Oceanpoint's governance grows out of community collaboration and participation. It rests on a few simple principles:

  • Scope. Governance covers the BST staking pools on Oceanpoint and the protocol parameters around them. Oceanpoint S.à r.l.'s own decisions are corporate decisions, and POINT will be issued by the company under MiCA. BST does not govern the company or share its fees.
  • In public. Material changes to the pools and protocol should be proposed in public, with appropriate time for community feedback, and put to an sBST vote on Snapshot where they fall within governance.
  • Progressive decentralization. Today a six-member governance board executes decisions through a 4-of-6 multisig. The goal is to hand more of that control to sBST holders over time, ending in on-chain governance. See the Decentralization plan.
  • Low cost to take part. Taking part should cost as little time and money as possible. Voting on Snapshot is off-chain and costs no gas.
Previous

The voting process

How sBST holders vote on Oceanpoint Improvement Proposals (OIPs) on Snapshot.

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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.

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