小猫咪说币(@Square-Creator-d5eafeb58abf8)'s insights

Tonight, I took a peek at the governance contract and

小猫咪说币 · 2026-06-11T10:43:35.000Z

Tonight, I took a peek at the governance contract and multisig address of @Bedrock , trying to figure out one thing: who really holds the key parameters of the protocol. The white paper talks about community governance and decentralized decision-making, but on-chain data often tells a more real story. From the time-lock mechanism and records of core parameter modification permissions, it seems that Bedrock still has a highly centralized management authority over key dimensions like exchange rate update logic, fee collection ratios, and audit upgrade trigger conditions. Community voting feels more like a soft confirmation after the fact rather than a hard constraint. This isn't just a Bedrock issue; it's the norm across the LRT track at this stage, but just because it's the norm doesn't mean we should just accept it. #Bedrock $BTC Centralized power might provide efficiency advantages for early projects, allowing for quick iterations and market responses. But as the capital scale expands, especially with institutional clients entering the fray, the risks of this power structure can be dramatically amplified. If a multisig is compromised or internal malfeasance occurs, it could mean the instant evaporation of the entire protocol's security baseline. By then, no one will buy the excuse that decentralization was sacrificed for efficiency in the early days. $BR Is there a clear timeline for the decentralization roadmap of governance permissions? Are the names and thresholds of key multisig addresses publicly accessible? Under what conditions can community voting results trigger mandatory parameter modifications?—if these questions aren't clearly answered, I'll just view BR's governance narrative as a work in progress.