Admin Controls
Overlayer includes some bounded administrative controls. These should be understood as constrained protocol-level safeguards, not as a replacement for core rules.
What these controls are for:
- Bounded operational safeguards
- Parameter management
- Adaptation to changing operational or legal conditions
- Reduced exposure to short-term manipulation
What these controls are not for:
- Overriding backing relationships arbitrarily
- Making the protocol depend on governance to function
- Turning core mint, redeem, stake, or unstake into discretionary actions
Relevant Controls at Launch
The following are the relevant user-facing controls at launch:
- Redeem limit per block
- Blacklist feature activation logic
- Blacklist withdrawal logic
- Dispatcher update
- Venue address update
- Bounded parameter changes under notice
The protocol may also include non-UI but still relevant administrative controls. These should be understood as protocol-level controls rather than user-facing app actions.
Notice Period
Selected sensitive parameter changes are subject to a 14-day Notice Period before becoming effective.
This exists to ensure that:
- Some changes are delayed rather than immediate
- Users have time to assess and exit before meaningful changes become active
The Notice Period applies to:
- Changes to fee distribution parameters
- Activation or deactivation of blacklist logic
- Activation or deactivation of blacklisted-balance withdrawal logic
- Venue address updates
- Rewards dispatcher upgrades
- Changes to the redeem limit per block
Blacklist Logic
The protocol design includes bounded blacklist-related functionality so the system can adapt if regulatory conditions require it, while still giving users time to assess and exit before enforcement becomes possible.
The key design choice is separation:
- Enabling blacklist logic is separate from blacklisting an address
- Enabling withdrawal from blacklisted addresses is separate from blacklisting itself
This separation reduces the risk of an instant freeze-and-seize pattern and should be understood as a bounded adaptation mechanism rather than a silent control layer.