Governance

The BOUND Protocol implements a multi-layered governance system that balances community control with security safeguards, ensuring decentralized decision-making while protecting against malicious actions. Through BOUND tokens, the community exercises direct control over protocol parameters, treasury management, and strategic direction.

BOUND's governance operates through three interconnected layers designed to maximize participation while maintaining security. At the foundation, BOUND holders possess voting rights that can be exercised directly or delegated to representatives. The middle layer consists of Public Representatives who aggregate voting power and create proposals. The top layer provides security oversight through an elected council that protects against exploits without compromising decentralization.

This structure ensures that governance remains accessible to all token holders while creating efficiency through delegation and maintaining safety through oversight. Every decision follows transparent on-chain processes with built-in time delays, allowing the community to review and respond to changes before implementation.