# Governance

The community DAO is in charge of managing governance. It has the ability to perform maintenance functions and parameter adjustments to the protocol via decentralized voting, including:

* Deploying and upgrading pools
* Changing protocol configurations and parameters
* Pausing protocol activity in the event of an emergency

Anyone can participate in governance by making proposals, discussing them, and participating in Snapshot votes.

## Participation

### Governance Forum

This is a place where community members can make and discuss proposals.

### Governance Council

The governance council of Isle has been set up to execute on-chain transactions on behalf of the results of community votes. The Isle Council is a 3-of-5 multisig with 5 members representing all stakeholders participating in the protocol.

Members of the governance council will be released after the protocol launches officially.

## Governance Parameters

These are the list of parameters that will be managed and set by the governor

### Pool Configuration

* `maxCoverLiquidation`: the maximum liquidation of the pool admin's cover in the event of a default (e.g. 10% means the protocol liquidate at most 10% of the pool cover at the event of a default)
* `minCover`: the minimum pool cover size required for the pool
* `poolLimit`: The maximum size of the pool

### Global Configuration

* `isReceivableAsset`: a whitelist of valid receivable assets
* `isPoolAsset`: a whitelist of valid pool assets
* `isPoolAdmin`: a whitelist of valid pool admins
* `isleVault`: address of the **Isle vault**
* `protocolFee`: the global fee as a percentage of interest earned
* Emergency pausing
  * `contractPaused`: whether the contract is paused
  * `isFunctionPaused`: whether the function of a contract is paused