Local Governance

Fractionalization parameters controlled by fraction holders of a particular fraction set.

Changes in Local parameters must be effected through voting i.e. consensus is required. See Action Module for the default voting procedure.

Fraction holders of a particular fraction set can change the following things:

No module required

  • Address of the NFT artist

    • Affects trade fee royalties

  • Address of the governance contract

    • Requires ALLOW_GOVERNANCE_UPGRADE to be enabled

  • Setting new local parameters or modules via setModule() and setConfig().

    • Note that modules must be whitelisted globally in order to be used.

  • Overriding existing Global Governance parameters or modules. For a list of overridable parameters see Global Governance.

Module required

These functions must be called from a whitelisted module:

  • Making arbitrary calls through the custody contract to any other contract(s)

    • Used to access on-chain rights or any other applications that verify NFT ownership

  • Minting more fractions

  • Burning fractions

  • Transferring the NFT(s)

  • Transferring ownership of the Wallet