# Betfin governance

## Betfin Governance (Marshall Islands DAO LLC Legal Framework)

The protocol is governed by BF Protocol DAO LLC, an algorithmically-managed for-profit entity incorporated under the laws of the Republic of the Marshall Islands. This legal wrapper provides the protocol with institutional-grade infrastructure and a formal constitution (the Operating Agreement).

## Governance Scheme

The following structure displays all [Betfin Contract Addresses](/betfin-public/betfin-governance/betfin-contract-addresses.md)and its relation to the Betfin governance structure.

<figure><img src="/files/2jZ8BhR8A2sDuSdrKtCq" alt=""><figcaption><p>Betfin governance structure.</p></figcaption></figure>

## Governance Principles

* **Algorithmic Management:** Decisions are submitted and recorded on-chain via the DAO Smart Contract on the Polygon blockchain, which is the sole authoritative venue for all governance actions.
* **Infrastructure Focus:** The Company operates exclusively at the infrastructure layer. It does not operate consumer-facing gambling services; instead, independent third-party operators are responsible for their own front-end applications and compliance.
* **Membership**: Participation is granted through holding a Pass NFT. Members who provide native tokens as liquidity (Active Liquidity Providers) hold the right to vote on protocol upgrades and the registration of new games.

## Governance Contract Addresses

The table below shows the addresses that belong to the quorum of Betfin as described in the  [#scheme-of-governance](#scheme-of-governance "mention")

{% tabs %}
{% tab title="Multisig & its rules" %}

* Multisig address: [<mark style="color:red;">**0x105F6c2C4EAEA9987090d6057932392558725360**</mark>](https://polygonscan.com/address/0x105F6c2C4EAEA9987090d6057932392558725360)
* Quorum: <mark style="color:red;">**3/5**</mark>

<table><thead><tr><th width="194">Signatory NO</th><th>Signatory addresses</th></tr></thead><tbody><tr><td>Signatory 1/5</td><td>0x0863C0747935631F553d8693848760d6E24C71Ec</td></tr><tr><td>Signatory 2/5</td><td>0x8AF8B1D349Ca7EcFaBd8EaB1C4381aa96E89d46E</td></tr><tr><td>Signatory 3/5</td><td>0x44a366A8966111704D1Ab417AC3aCaba70B9d4BC</td></tr><tr><td>Signatory 4/5</td><td>0x378c0362696C44E9c02438c9b5a83A8997fE53C9</td></tr><tr><td>Signatory 5/5</td><td>0x91448504E96cC3aD43C09A6EBaE6550433926BCC</td></tr></tbody></table>
{% endtab %}

{% tab title="Timelock & its rules" %}

* Timelock address: [<mark style="color:blue;">**0xbf4EC8B23C5E9439a21B7BFA6B8f9d4C21111111**</mark>](https://polygonscan.com/address/0xbf4EC8B23C5E9439a21B7BFA6B8f9d4C21111111)
* Min delay:  1 DAY
* Max delay: 4 DAYS
* Grace period: 1 DAY
  {% endtab %}
  {% endtabs %}

### **Check all the transactions and verify the transparency**

* By clicking on the contract name you will be redirected to <https://polygonscan.com/> where you can see the contract itself.
* By clicking on gnosis safe owner address you will be redirected to the official web application of the multi-signature wallet provider [https://app.safe.global/](https://app.safe.global/transactions/history?safe=matic:0xAD0b2Ade32Bb9FC701ba966fDb7DeC286265e1Be) where you can see on-chain confirmation and rejection in real-time.


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