Blockchain & Cryptocurrency Glossary

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

  • search-icon Clear Definitions
  • search-icon Practical
  • search-icon Technical
  • search-icon Related Terms

Oracle Governance

1 min read
Pronunciation
[awr-uh-kl guhv-er-nuhns]
Analogy
Like the board of directors setting policies and budgets for a company, oracle governance defines how the network evolves.
Definition
The framework of rules, roles, and processes by which oracle network parameters—such as fees, collateral, node membership, and update intervals—are proposed, voted on, and enacted.
Key Points Intro
Oracle governance empowers stakeholders to manage and upgrade oracle network settings.
Key Points

Proposal system: Submit parameter or code change proposals.

Voting: Token‑weighted or DAO-based voting mechanisms.

Timelock: Delay between vote passage and execution.

Upgrade execution: Multisig or automated config updates.

Example
The Tellor DAO votes to adjust the staking requirement from 10,000 TRB to 15,000 TRB for oracle nodes.
Technical Deep Dive
Governance contract uses GovernorAlpha pattern: `propose()`, `vote()`, `queue()`, `execute()` functions. On execution, it calls `setConfig()` on the oracle registry contract.
Security Warning
Governance attacks can reconfigure oracles maliciously; require quorums and time‑locks.
Caveat
Complex governance can slow response to critical issues; include emergency pause mechanisms.
Related Terms
Oracle DAO
Multisig Governance
Oracle Collateralization

Oracle Governance - Related Articles

No related articles for this term.