Grant Advisory Board Power to Upgrade contracts for technical enhancements or bug fixes

Granting the Advisory Board specific powers to upgrade smart contracts (3 of 5 required to pass) for minor bug fixes or technical enhancements, that specifically don’t change:

  • parameters
  • risk settings
  • pricing
  • token economics, or
  • any other economic functionality of the system.

The goal of this would be to progress more quickly with minor items that are small fixes or functionality improvements rather than waiting to line up fixes with other governance items and then a full week for a member vote. This will allow the team to deliver much faster.

At the smart contract level the Advisory Board technically has this power already, as it can change the voting settings on upgrades to itself and then pass an upgrade. So this would be changing the legal documents of the mutual to grant this power.