Governance
Who decides what.
WoolFi v1 is administered by a multisig on Robinhood Chain. There is no token-holder voting in v1.
Today
A multisig controls the protocol's admin surface. The signers can authorize new pools, re-tune live pool parameters, pause the hook in an emergency, and resolve a structural break once the underlying market has reconverged. The multisig cannot seize user funds, alter LP balances, or change vault staker positions - those rules are enforced by the contracts themselves.
Underwriting is separate
URU is the asset deposited into per-pool underwriting vaults. It bears configured structural-break risk and may receive configured pool fees. Holding or staking URU does not grant protocol voting rights in v1.
Voting
v1 administration
Multisig controlled. No token vote is active.
What can't change, ever
- WoolFi never custodies user assets - they live in Uniswap v4's PoolManager and the per-pool vault contract.
- Governance cannot move LP positions or vault stakes between accounts.
- WoolFi cannot issue Robinhood Stock Tokens; their issuer controls issuance and applicable transfer restrictions.
- The asymmetric-fee mechanic and the structural-break drawdown rules are coded into the hook; the multisig can pause them, not rewrite them.