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The core contracts in this version feature on chain governance which allows the community of AUDT users to propose changes to be made to the protocol. The governance contract deployed in this version is a fork of Compound.
Proposals may be made through the delegation of a minimum of 1% of the number of AUDT in circulation to a delegate. A holder of AUDT may delegate to themselves or to another delegate.
The Member contract is the contract that governs the terms of the engagement between economic entities or curators and validators.
The governance functions for engagements between economic entities, curators and validators allow the following changes:
Amount of rewards paid to validators through inflation
Amount of rewards matched by the reporting entity with the amount emitted through inflation
The percentage of the proceeds from data subscriptions between economic entities and validators an be reallocated
Changes to the minimum amount of AUDT required to be on deposit for continued compliance for an economic entity (fair warning)
Governance allows changes to the minimum number of validators in a cohort for each category of assurance. The initial number is set at three.
Changes may be made to the percentage of validators in a cohort that are required to make an attestation in order for a validation to occur.