> For the complete documentation index, see [llms.txt](https://docs.coinshift.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.coinshift.xyz/coinshift-assets/csusdl/coinshift-usdl-vault/governance.md). # Governance ## Governance **Owner (Coinshift, Steakhouse Financial, and Paxos International)** * **Composition**: A 3-of-5 multi-signature committee * **Responsibilities**: Sets high-level vault strategies and assigns roles. **Curator (Steakhouse Financial)** * **Role**: Sets vault parameters such as adding or removing markets, reallocating capital, adjusting performance fees (as a percentage of borrower rates), and setting supply and borrow caps. * **Function**: Ensures the vault's activities align with risk and optimization strategies. However, actions like adding a market or increasing fees are subject to a time delay (1 to 14 days). **Allocator (Steakhouse Financial & Public Allocator Contract)** * **Role**: Dynamically optimizes fund allocation within established parameters. * **Function**: Adjusts allocations to optimize yields while managing risk. **Guardian (Coinshift Security Council, later: DAO made up of vault depositors)** * **Role**: Monitors and provides oversight, with the ability to veto actions within a specified timelock. * **Function**: Protects user interests by overseeing vault activities and intervening when necessary. #### **Timelock** * **Security Feature**: Timelocks introduce a waiting period before significant actions are executed in Morpho Vaults. * **User Control**: Steakhouse curates with a 7-day delay for changes, giving users time to review. Using[ Aragon DAO guardians](https://forum.morpho.org/t/steakhouse-metamorpho-vaults-are-upgrading-their-guardian-setups-to-fully-trustless/527), capital suppliers can vote to revoke curator actions. This setup keeps the vault non-custodial, ensuring users maintain control and can withdraw assets anytime.[ ](https://forum.morpho.org/t/steakhouse-metamorpho-vaults-are-upgrading-their-guardian-setups-to-fully-trustless/527) * **Risk Management**: Applies to changes that could increase vault risk (e.g., high LLTV markets, supply cap adjustments). * **Transparency**: Users can inspect timelock values in the "Read Contract" section of the vault for oversight. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.coinshift.xyz/coinshift-assets/csusdl/coinshift-usdl-vault/governance.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.