Governance

Overview

Governance of the AMKT network is community-based, and occurs under the auspices of the AMKT Decentralized Autonomous Organization (AMKT DAO). All holders of the AMKT token are members of the AMKT DAO. The AMKT DAO has been structured as a foundation (AMKT DAO Foundation), a legal entity that takes certain actions on behalf of the AMKT DAO. AMKT token-holders are able to submit governance proposals and vote on governance proposals. AMKT-holders may directly vote on proposals themselves, or they may delegate their votes to AMKT delegates. Operating under the auspices of the AMKT DAO Foundation is the governance multi-sig, a group of value-aligned individuals that administers certain aspects of the AMKT Network and the AMKT Token on behalf of the DAO. The Governance Multi-Sig is responsible for implementing approved governance proposals, and has certain emergency powers designed to guard against a network attack.

Types of Governance Changes

AMKT holders are eligible to propose a variety of changes to the AMKT smart contracts. Among other things, AMKT holders are eligible to propose changes to:

• The number of AMKT underlying assets;

• The type of AMKT underlying assets (e.g., no stablecoins);

• The specific AMKT underlying assets;

• Other upgrades to the AMKT smart contracts.

Changes to the composition of the AMKT token, such as the assets that compose the AMKT token and the respective weighting of those assets, are determined by the community, proposed to AMKT holders for a governance vote, and then executed by the governance multi-sig.