The guardian to halt Ring Protocol functionality in a crisis🛡
The Ring Guardian is the single address to be granted the Guardian🛡role at Genesis. Initially held by the Ring Core Team in a multi-sig, with the intention of either renouncing the role or transitioning to a community held multi-sig within a few months of launch.
The rationale for a Guardian is that there could be issues in the protocol which are time sensitive. The minimum 3 day window between a proposal and execution for a fix coming through the Ring DAO could be too long. For instance, if there is a bug in the incentive calculation where an attacker can systematically make a profit, this functionality should be shut down as quickly as possible.
The Guardian can only revoke or pause functionality, with the additional ability to force a reweight.
The Governor⚖️ can revoke the Guardian🛡ability at any time
revoke any role from any contract, except Governor⚖️
pause and unpause contracts
force a reweight
Any contract implementing CoreRef has the ability to be pausable. Any external method marked as pausable would revert when the contract is in the paused state.