Governance

Introduction

The Oceanpoint protocol is governed and upgraded by BST token-holders, using two distinct components; the BST token and the governance pool (OceanStaking). Together, these contracts allow the community to propose, vote, and implement changes. Proposals can modify system parameters, support new markets, or add entirely new functionality to the protocol.

BST

BST is an ERC-20 token that allows the owner to delegate voting rights to themselve by locking it up for a certain period by using the Governance Pool.

sBST

sBST is an ERC-20 token that is represeting the share of BST tokens that a user holds in the governance pool. sBST to BST are having a dynamic exchange rate due to rewards being accured in the governance pool.