Parallel Emergency Guardians
Multisig signers can take charge of emergency intervention on every chains where the Parallel Protocol is deployed.
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Multisig signers can take charge of emergency intervention on every chains where the Parallel Protocol is deployed.
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As the protocol is deployed on Ethereum, Polygon and Fantom and brings a major innovation in the ecosystem, it is possible that, despite different audits, a minor or major problem could arise in the future.
Considering the importance of timing in certain situations, a has been voted on by the DAO and accepted to prepare the DAO for any potential emergency action that might have to be done by allowing any Multisig Signers to initiate transactions from the multisig to stop an emergency situation (and execute it after verification and signatures from others signers).
Scope: User funds are at risk Actions: Immediate intervention by pausing the system, then a governance discussion 24h vote time for further actions.
Scope: Risk on protocol economic activity (eg: Bug on Mimo allowing to mint infinite of PAR etc, or any economic attack/exploit possible)
1-3h feedback emergency on the forum. If the attack happens 24h before the distribution, the reaction should be immediate and follows the same process as Tier-1. The action should be to pause the compromised module only, if possible. A post-mortem is also needed in this case.