🐻⛓️ Berachain BEX Docs

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Governance ​

Governance in BEX is administered through the CrocPolicy contract. Within this contract, there are three several governance roles:

  • Operations
  • Treasury
  • Emergency

During the testnet, these roles are run by a Berachain Foundation multi-sig wallet. At mainnet launch, these roles will be divided amongst multi-sig wallets, and BGT governance.

Operations ​

The operations role is responsible for managing the day-to-day operations of the BEX protocol, and has a more limited scope of powers compared to the other roles. Its powers include:

  • Enabling or disabling new pool types
  • Setting protocol fees
  • Set a minimum initial liquidity value for all new pools

Treasury ​

The treasury role is the most privileged role within the BEX protocol. Its powers include:

  • All the powers of the operations role
  • Ability to upgrade BEX proxy contracts
  • Collecting accumulated protocol fees
  • Disabling or enabling the swap() hot path flag
  • Disabling or enabling safe mode, which freezes all user activities and funds

Emergency ​

The emergency role has all of the powers of the operations role, including the ability to disable or enabling safe mode, which freezes all user activities and funds.