Security management policy
Developers > Best Yield > Security management policy
Each Best Yield strategy consists of a proxy that points to a shared implementation of
IdleTokenV4contracts. The implementation for each strategy can be upgraded through a shared Proxy Admin which is
The owner of the Proxy Admin and of Best Yield strategy's proxy is the
Timelockcontract which is owned by the
GovernorBravo, controlled by
There are a few administrative privileges that the
Timelockhave besides the ability to upgrade
- It can change Idle wrappers (
IdleAave, ...) and associated assets supported for lending protocols;
- It can add and or remove governance tokens supported for distribution;
feeAddresscan be updated. The fee is capped and can be at most 10% of the interest earned currently;
- It can set
maxUnlentPerc, i.e. a percentage of unlent funds used for cheap redemption (currently 1% of all deposited assets).
As part of the Security Management policy, there are 2 more functions with different privileges on the
rebalancecan be paused during emergency situations, while
redeemInterestBearingTokenswill always be available.
The guardian can be changed at any time by the governance with a proposal.
The Rebalancer can be changed at any time by the governance with a proposal.