The Swiss Council (SC)

The Swiss Council (SC) is the central governing body of the BNKD protocol. The SC votes on overall improvement proposals and parameter changes.

The Swiss Council (SC) is a governing DAO which currently comprises 8 members who are elected (see Elections) for the duration of an epoch by community staking participants. The SC is responsible for conducting BIP/BCCP interviews, debating the implications of proposed changes, coordinating protocol changes with the protocol DAO and hosting periodic community governance meetings in order to best represent and protect the wider BNKD stakeholders.

The SC, like other DAO roles, are paid a stipend by the BNKD DAO and conduct their duties on the relevant discord governance channels and utilises snapshots IPFS signature voting on the staking governance site.

Swiss Council members vote on BNKD Improvement Proposals (BIP) and BNKD Configuration Change Proposal (BCCP).

BCCPs describe changes to configurable values of existing smart contracts, whereas BIPs describe changes like deploying new smart contracts or meta-governance processes like changes to the governance process.

The Swiss Council members also hold the signing keys for a multi-sig Gnosis safe, which contains the security bonds of all pDAO members. The Swiss Gold Council can slash a pDAO member's security bond if they act maliciously or bypass legitimate governance processes.

Besides the tasks mentioned above, Swiss Council members usually pursue different protocol-related activities based on their proficiency, like extended security research and testing or community engagement and communication.

Election & Members

Election Process:

Swiss Council Stakers are assigned a percentage of debt ownership in proportion to their amount of BNKD staked, and their voting power is quadratically weighted. Voting is done through the fully on-chain BNKD Governance Module.

Members:

View the most up-to-date election results.