Aquarius Documentation
  • Aquarius Loan Documentation
  • Getting Started
    • Networks
    • Protocol Math
      • aToken and Underlying Decimals
      • Interpreting Exchange Rates
      • Calculating Accrued Interest
      • Calculating the APY Using Rate Per Block
    • Gas Costs
  • ATokens
    • Mint
    • Redeem
    • Redeem Underlying
    • Borrow
    • Repay Borrow
    • Repay Borrow Behalf
    • Transfer
    • Liquidate Borrow
    • Key Events
    • Error Codes
    • Failure Info
    • Exchange Rate
    • Get Cash
    • Total Borrow
    • Borrow Balance
    • Borrow Rate
    • Total Supply
    • Underlying Balance
    • Supply Rate
    • Total Reserves
    • Reserve Factor
  • Comptroller
    • Enter Markets
    • Exit Market
    • Get Assets In
    • Collateral Factor
    • Get Account Liquidity
    • Close Factor
    • Liquidation Incentive
    • Key Events
    • Error Codes
    • Failure Info
    • ARS Distribution Speeds
    • Claim ARS
    • Market Metadata
  • Governance
    • Delegate
    • Delegate By Signature
    • Get Current Votes
    • Get Prior Votes
    • Key Events
    • Governor Bravo
    • Quorum Votes
    • Proposal Threshold
    • Proposal Max Operations
    • Voting Delay
    • Voting Period
    • Propose
    • Queue
    • Execute
    • Cancel
    • Get Actions
    • Get Receipt
    • State
    • Cast Vote
    • Cast Vote With Reason
    • Cast Vote By Signature
    • Timelock
    • Pause Guardian
  • Reward Vesting and Staking
    • Reward Vesting
    • ARS Staking
    • Explainer Video
  • LP Staking
    • LP Utility
    • LP Staking Options
    • Zapping LP
    • Maintaining Eligibility Status
    • Explainer Video
  • API
    • ATokenService
      • GET: /atoken
    • MarketHistoryService
      • GET: /market_history/graph
    • ProposalService
      • GET: /proposals
      • GET: /proposals/:id
      • GET: /proposals/statistics
    • VoterService
      • GET: /voters/accounts
      • GET: /voters/accounts/:address
      • GET: /voters/history/:address
      • GET: /voters/:proposalId
    • GovernanceService
      • GET: /governance/aquarius
      • GET: /governance/proposals
      • GET: /governance/proposal_vote_receipts
      • GET: /governance/accounts
    • Shared Data Types
  • Aquarius.js
    • Aquarius Constructor
    • API Methods
      • Account
      • aToken
      • Market History
      • Governance
    • aToken Methods
      • Supply
      • Redeem
      • Borrow
      • Repay Borrow
    • ARS Methods
      • To Checksum Address
      • Get ARS Balance
      • Get ARS Accrued
      • Claim ARS
      • Delegate
      • Delegate By Sig
      • Create Delegate Signature
    • Comptroller Methods
      • Enter Markets
      • Exit Market
    • Ethereum Methods
      • Read
      • Trx
      • Get Balance
    • Governance Methods
      • Cast Vote
      • Cast Vote By Sig
      • Create Vote Signature
    • Price Feed Methods
      • Get Price
    • Utility Methods
      • Get Address
      • Get ABI
      • Get Network Name With Chain ID
  • Security
    • Formal Verification
    • Bug Bounty Program
  • Terms of Service
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Governance

PreviousMarket MetadataNextDelegate

Last updated 1 year ago

The Aquarius protocol is governed and upgraded by ARS token-holders, using three distinct components; the ARS token, governance module (Governor Bravo), and Timelock. Together, these contracts allow the community to propose, vote, and implement changes through the administrative functions of a aToken or the Comptroller. Proposals can include changes like adjusting an interest rate model, to adding support for a new asset.

Any address with more than 10,000,000 ARS delegated to it may propose governance actions, which are executable code. When a proposal is created, the community can submit their votes during a 3 day voting period. If a majority, and at least 20,000,000 votes are cast for the proposal, it is queued in the Timelock, and can be implemented after 2 days.

ARS

ARS is an token that allows the owner to delegate voting rights to any address, including their own address. Changes to the owner’s token balance automatically adjust the voting rights of the delegate.

ERC-20