Governance
The protocol admin is an entity that has exclusive access to specific functions of the protocol. More concretely, the admin is a multisig wallet currently in control of Sablier Labs, which has the following permissions:
| Permission | Function | Contract(s) |
|---|---|---|
| Claim Protocol Revenues | claimProtocolRevenues | SablierV2LockupLinear, SablierV2LockupDynamic |
| Set Comptroller | setComptroller | SablierV2LockupLinear, SablierV2LockupDynamic |
| Set NFT Descriptor | setNFTDescriptor | SablierV2LockupLinear, SablierV2LockupDynamic |
| Set Flash Fee | setFlashFee | SablierV2Comptroller |
| Set Protocol Fee | setProtocolFee | SablierV2Comptroller |
| Toggle Flash Asset | toggleFlashAsset | SablierV2Comptroller |
The comptroller is a special contract that manages the configuration of the protocol. To learn more about the comptroller, see the reference.
Trustlessness
Despite having an admin, the Sablier Protocol maintains its trustless nature due to the following reasons:
- The protocol is permissionless, i.e. it can be freely accessed by anyone with an Internet connection.
- The protocol is persistent, i.e. the admin cannot pause it.
- The streaming logic is non-upgradeable, i.e. the admin cannot tamper with the streams created by users.
- There are no escape hatches that allow the admin to withdraw funds.
- There is a hard-coded upper limit of 10% to the fees that the admin can set.
Governance
As a startup, Sablier has to deal with uncertainty regarding:
- Protocol-market fit
- Smart contract security
Attaining success in these areas is no easy feat, and as such, decentralizing the protocol's governance will not be an initial priority.
Nonetheless, we believe that progressive decentralization is the most effective approach to scaling a smart contract protocol. Therefore, as our confidence in the protocol's scalability grows, we will incrementally decentralize its governance.