Governance

Bend is governed by Berachain Governance Token ($BGT) holders. $BGT holders are empowered with broad governance powers over Bend, such as adding new asset markets, changing risk parameters, or upgrading certain protocol contracts.

In this section, we describe the key Bend governance contracts.

PoolAddressesProvider

The PoolAddressesProvider contract is the main address registry of Bend.

This contract controls the upgradeability and access management of the protocol, including asset listings and risk parameters.

Most contracts rely on the PoolAddressesProvider to validate access and retrieve information. For instance, instead of storing oracle addresses within the Pool contract, it references them from the PoolAddressesProvider.

Proposing Changes

$BGT token governance is responsible for changes to the PoolAddressesProvider contract. Read more about the BGT Governance process.

Access Control List (ACLManager)

The ACLManager contract is responsible for managing the Access Control List (ACL) of Bend. It controls the permissions of various roles within the protocol. At the top is the DEFAULT_ADMIN_ROLE, which has the authority to assign roles to other addresses and is held by the $BGT governance contract. Other roles include:

• EMERGENCY_ADMIN: Held by a community multisig wallet, this role can quickly pause a particular reserve in case of critical issues.
• RISK_ADMIN: Responsible for setting risk parameters.
• ASSET_LISTING_ADMIN: Has the authority to add new reserves to Bend.
• POOL_ADMIN: Combines the roles of RISK_ADMIN and ASSET_LISTING_ADMIN along with additional pool configuration access.