Auro Finance Governance
Scope
Governance at Auro Finance empowers the community, allowing gAURO holders to influence key protocol decisions. Explore Auro Finance’s native voting portal on Snapshot (link to be added).
gAURO holders can vote on a range of topics, including: ✅ Modifying fees (withdrawal fees, early unlock fees for gAURO) ✅ Adding new collateral types ✅ Adjusting collateral ratio and debt cap ✅ Protocol fee distribution for gAURO holders ✅ Allocation of AURO emissions to liquidity pools
Note:
Collateral options from the AURO Innovation Zone can be removed without governance approval to ensure quick action on risk management.
Borrow rates can be adjusted by the core team in response to extreme market conditions to maintain platform stability.
All governance proposals must be voted on by gAURO holders, but only the Auro Finance core team can submit proposals. Community members can propose ideas, give feedback, and suggest improvements through the Auro Finance Forum. Well-supported ideas may be incorporated into official core proposals.
Voting Rules
Governance follows specific rules to ensure fair and effective decision-making:
Voting Eligibility → Any user holding gAURO can vote, with voting power proportional to their gAURO holdings.
Proposal Submission → Only the core team can submit official proposals.
Voting Period → Each vote lasts 3 days before the results are finalized.
Proposal Approval → A proposal is approved if it receives over 50% of the gAURO votes cast.
Implementation Timeline → Approved proposals will be implemented within 1 to 2 weeks, with updates provided in case of delays.
Veto Power
To protect the security and integrity of Auro Finance, the core team retains veto rights in extreme cases. Any veto action will be accompanied by a clear explanation to the community.
Possible veto actions include: ✅ Pausing smart contracts to fix critical security vulnerabilities. ✅ Rejecting newly added gauges if tokens are deemed unsafe, malicious, or harmful to Auro Finance.
While the goal is full decentralization, these safeguards ensure stability and responsible governance as Auro Finance evolves.
Governance proposal template
This is a template for submitting proposals to Auro Finance governance for external parties.
Proposal Structure
Title:
[A concise and descriptive title for the proposal]
Date:
[The date the proposal is being made, in the DD-MM-YYYY format]
References:
[Name of the external party’s Project]
[External Project’s Whitepaper]
[External Project’s Documentation]
[Source code for the system(s) that interact with the proposed asset]
[External Project’s Smart contract addresses]
[List of Oracle data sources]
[Audits both procedural and smart contract-focused]
[Communities - social media links]
Body Paragraphs:
Summary:
A brief summary of the proposal; no more than 2-3 sentences
Abstract:
Introduce and expand on the proposal. Touch on two main topics:
key points on how the proposal will improve Auro Finance’s platform & protocol performance.
What and how will the overall implementation process look like.
Motivation:
What problems will this proposal address/solve? What’s the value-add? This section can have sub-sections for improved readability.
Specification:
Provide a comprehensive description of the proposed change, including any relevant parameters or risk considerations. Comments on proposals should focus on technical aspects and specify any changes to be made. This section can include sub-sections for improved readability.
Benefits (Pros):
List the benefits of implementing the proposal and how it will advance the protocol.
Downside (Cons):
Identify any potential downsides to implementing the proposal.
Voting:
Define what a “yes” and “no” vote entails.
Additional questions for collateral onboarding
Explain the positioning of the asset in Auro Finance ecosystem. Why would it be a good collateral asset?
Provide a brief history of the project and the different components: DAO (is it live?), products (are they live?). How did it overcome some of the challenges it faced?
How is the asset currently used?
Token (& Protocol) permissions (minting) and upgradability. Is there a multisig? What can it do? Who are the signers?
Market data (Market Cap, 24h Volume, Volatility, Exchanges, Maturity)
Social channels data (Size of communities, activity on Github)
Contracts date of deployments, number of transactions, number of holders for tokens
List any possible oracle data sources for the proposed Collateral type.
(Optional) List any parties interested in taking part in liquidations for the proposed Collateral type.
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