Checks-And-Balances Committee

In rare cases, a proposal can still be cancelled. This is done by a guardian address that has the power to cancel any kind of malicious proposal. The guardianship is an emergency functionality.

In certain cases, any token holder may cancel a proposal. For example, if a Plenny Governor makes a proposal but removes the amount of tokens needed to create proposals immediately after the proposal is made, any token holder can perform a cancellation to ensure the integrity of the voting system. In general, however, only the guardian address can cancel proposals during the voting period and up to implementation.

In the early phases, the guarding address is held by informally elected members of the community who regularly alternate. Once the experimental phase is complete, the guardianship will be transferred to a multi-signature address, where multiple signatories must agree before an accepted proposal is cancelled. These signatories will be part of a group of experts who will be formally elected to serve as the Checks-And-Balances Committee (CABAC) once DAO Governance is fully activated. Setting the guardian address to the multi-signature address of the Checks-and-Balances Committee will further decentralize and ensure Plenny's security. Eventually, guardianship will be abandoned to achieve full decentralization, thereby dissolving the committee.