Council Staker Privileges
The Council is the operational execution and risk oversight layer of the protocol. While veLDY stakers (the DAO) vote on governance proposals, the Council is responsible for executing decisions safely and transparently.
To participate, a member must stake a minimum of 500,000 LDY in the Council Staking Pool. This ensures that every Council participant has meaningful economic alignment with the protocol.
There is no election, no appointment, and no revocation process. Council membership is permissionless: → Stake ≥ 500,000 LDY → You are in the Council → Unstake → You leave the Council
Council Responsibilities
Execute Governance Decisions
Apply on-chain parameter changes approved by veLDY votes
Risk & Liquidity Monitoring
Monitor RWA allocations, liquidity buffers, and performance indicators
Operational Security
Ensure stable system behavior and parameter integrity
Incident Execution
Activate emergency safeguards if pre-programmed risk conditions are met
veLDY decides. Council executes. Governance outcomes cannot be overridden by the Council.
Incentive Structure
Protocol performance fees are used to buy LDY from the market, then distributed:
80%
veLDY Community Pool (DAO)
Distributed to veLDY stakers
20%
veLDY Council Pool
Distributed to Council stakers
20% of protocol performance is automatically paid to DAO members (veLDY stakers).
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