The Governance Module is a module that enables participating in on-chain governance of component tokens held in the SetToken. Examples of intended protocols include Compound, Uniswap, AAVE and Maker governance. Note: all actions are submitted on-chain and therefore is out of scope for any off-chain governance systems (e.g. Snapshot).
All modules need to be added to the SetToken as the first step. Learn how to add a module to your SetToken in this section.
Once you have added the GovernanceModule to the SetToken, you must initialize the SetToken on the GovernanceModule:
/*** Initializes this module to the SetToken. Only callable by the SetToken's manager.** @param _setToken Instance of the SetToken to initialize*/function initialize(ISetToken _setToken);
In order to register to vote in governance using components in the SetToken, you must be operating as the manager of your SetToken. Note: not every governance protocol requires registration for voting. E.g. Compound and Uniswap require registering before voting while Aave does not.
/*** SET MANAGER ONLY. Register for voting for the SetToken** @param _setToken Address of SetToken* @param _governanceName Human readable name of integration (e.g. COMPOUND) stored in the IntegrationRegistry*/function register(ISetToken _setToken,string memory _governanceName)
Simply input the
setToken address and
governanceName which is associated with the adapter.
The governance name is a string specifying which governance protocol to register. This string is registered in the IntegrationRegistry. Currently, Set Protocol supports these protocol's governance:
In order to vote in governance using components in the SetToken, you must be operating as the manager of your SetToken. Note: votes are executed as a block in the SetToken. This means the manager of the SetToken controls the governance power of each of the underlying components.
vote function with inputs as follows:
/*** SET MANAGER ONLY. Cast vote for a specific governance token held in the SetToken. Manager specifies whether to vote for or against* a given proposal** @param _setToken Address of SetToken* @param _governanceName Human readable name of integration (e.g. COMPOUND) stored in the IntegrationRegistry* @param _proposalId ID of the proposal to vote on* @param _support Boolean indicating whether to support proposal* @param _data Arbitrary bytes to be used to construct vote call data*/function vote(ISetToken _setToken,string memory _governanceName,uint256 _proposalId,bool _support,bytes memory _data)
proposalId is specific to the underlying protocol's governance. The
support indicates whether to support or reject the proposal. The
data field is used to construct vote calldata for protocols that require additional parameters.