USH Governance

Hatom is a decentralized protocol managed by the Hatom Foundation and HTM token holders. Any changes or upgrades to the Hatom Protocol must be proposed and voted on by the community through Hatom Governance. Every HTM token holder can have a say in the protocol's future, making it truly decentralized.

Governance Role

Hatom Governance has a crucial role in determining USH and sUSH Facilitators and their parameters. It is also responsible for proposing changes to the current implementation. Frameworks and processes for Facilitators and their parameters are open to community discussion.

Facilitators

Hatom Governance is responsible for supervising the implementation of the different strategies of the Facilitators for both USH and sUSH. This is achieved by approving and removing Facilitators in a meticulous manner.

Before being granted permission to mint USH tokens, each Facilitator is subjected to an audit and review process by the Hatom Governance. Additionally, each facilitator is required to adhere to specific governance rules that define the maximum amount of USH tokens they can mint. Hatom Governance has the ability to attract a diverse range of facilitators, including those who are not affiliated with the Hatom Protocol.

Interest and Discount Rates

Hatom Governance has the power to define the interest rates and discount rates to encourage the minting or burning of USH tokens. The interest rates can be periodically modified based on the supply and demand models of USH, enabling the protocol's health to be managed with greater flexibility. Both the interest rate and discount rate can be configured by Hatom Governance, providing HTM token holders with complete authority over USH monetary policy.

Please note: Currently, USH is not fully governed by the DAO, and the Foundation still oversees the protocol's decision-making processes. The transition to a fully decentralized risk DAO will occur once the Foundation deems the protocol ready and there is an evident understanding of the Governance process within the community. At that point, the entire protocol's governance will be handed over to the community.