Governance
Fortress was built to adapt to market conditions, using its governance system that allows FTS token holders to vote, and decide on any changes to the platform. FTS token holders can create proposals and use their FTS tokens as voting power when proposals are up for a vote.
The implementation of changes on Fortress occurs using the FTS token contract, the Governance module, and the Timelock contract. The powerful governance system is able to modify parameters such as adding new cryptocurrency assets to the platform to be used as collateral or to borrow, adjusting interest rate models, and many other protocol enhancing measures.
Once a proposal has been created, the candidate proposal will be voted on for three days, and if the proposal passes, a two day timelock will occur before the changes are made to the platform. This allows the platform to adapt while also giving investors peace of mind that the platform won’t change without enough notice.
Last modified 1yr ago