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We need to implement an upgradable governance mechanism as outlined in SIP-16.
Requirements
Repeated from the SIP:
A default securing mechanism is a N-of-M multi sig where the partner chain developer is responsible for defining the values of N, M and the wallets in question
This should be configurable to allow arbitrary logic
The partner chain developer may have a DAO in place
They may be happy with a “proof of authority” solution with a manager NFT
This should be upgradeable (in case the partner chain developer eventually gets a governance mechanism to replace the default, or makes an upgrade to a previous mechanism)
Upgrading this mechanism should require the prover to show they can meet at least the current security threshold
We need to implement an upgradable governance mechanism as outlined in SIP-16.
Requirements
Repeated from the SIP:
Remaining implementation outline
IOG Jira: https://input-output.atlassian.net/browse/ETCM-7669
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