Governance Overview

The governance structure of Bullish.social is designed to empower the community by decentralizing decision-making processes, allowing users to actively participate in protocol upgrades, parameter adjustments, and key operational decisions. The BSGovernor contract facilitates this process by combining liquid democracy with time-locked execution, providing security for high-risk actions.

Key Features:

• Community-Driven: Proposals and votes are submitted by users based on their historical leaderboard rankings and performance.
• Timelock Security: Proposals go through a timelock period to ensure that actions are taken only after adequate review.
• Interim Governance: Initially, an "interim" governance mode is in place, where the owner has elevated privileges to fast-track decisions during the early stages of the project.

Governance Lifecycle:

1. Creation: Users can submit proposals with detailed target contracts, function selectors, and arguments.
2. Voting: A voting period begins, where users cast votes based on their voting power.
3. Finalization: Once the voting period ends, the proposal is finalized if it meets quorum and approval thresholds.
4. Execution: Approved proposals undergo a 1-day timelock before execution, ensuring proper review.

This governance framework ensures that decisions are made transparently, and the community has the power to influence the future of Bullish.social.