Governance Constraints
Governance constraints are the rules and limitations imposed on the decision-making process within a decentralized protocol. These constraints prevent governance from making changes that could compromise the security or economic stability of the system.
For example, a protocol might require a time delay for changes to take effect or limit the scope of what can be changed. These constraints are essential for protecting users from malicious or poorly thought-out governance actions.
They ensure that the protocol remains stable and predictable over time. They are a form of soft security that complements the hard security of the code.
Defining these constraints is a key part of building a mature and reliable decentralized organization.