Relevant Protocol Governance Smart Contracts

sREL token

sREL is governance wrapper for REL tokens and allows staking and vesting

Roles

• owner (this will eventually be a DAO)
  • can initialize initial vesting accounts
  • can set vestAdmin role
• vestAdmin is designed to be a hotwallet that allows automated vesting initialization via the Relevant App

Staking

• REL tokens can be staked via the contract in exchange for sRel
• sRel cannot be transferred or exchanged back to REL unless they are 'unlocked' (unstaked) and unvested
• lockPeriod deterimines the time it takes to unstake the tokens

Vesting

• Vested tokens can be added by the owner of the contract or via a signature from the `vestAdmin'
• There are two vesting schedules - short and long, exact params TBD, likely 4 and 16 years respectively
• The params are global - meant to distribute a set amount of tokens to users
• Vested tokens can be used to cast governance votes
• The full amount of vested tokens can be transferred to a new account

Governor

Openzeppelin Governor contract that can self-modify the votingPeriod, proposalThreshhold and votingDelay.

Timelock

Openzeppelin Timlock that will add a delay to all governance decisions.